207,14. GBP JPY broke 206,50 resistance. GBP JPY is in an uptrend supported by 1H exponential moving averages. The volatility is high. Bollinger bands are deviated. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue on 208,00 (90 pips) resistance. We won't take a position. The risk/reward ratio is too high to take a position..
207,20 - 208,00
206,50 - 205,20