207,33. GBP JPY broke 206,20 resistance. GBP JPY is in a consolidation after the last bullish movement. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The consolidation should continue. The price should find a resistance below 207,60. If the resistance is broken then the target will be 208,20. We won't take a position. The risk/reward ratio is too high to take a position..
207,60 - 208,20
206,20 - 205,40