205,32. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should find a support above 203,50. If the support is broken then the target will be 199,00.
205,80 - 207,00
204,50 - 203,50