211,93. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 209,00 / 214,00 range. We won't take a position. The risk/reward ratio is too high to take a position..
212,50 - 214,00
210,50 - 209,00