207,61. GBP JPY is in a range between 203,50 and 208,00. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are parallel and form the trend. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue to gather momentum. The price should find a resistance below 208,00. We won't take a position. The risk/reward ratio is too high to take a position..
207,65 - 208,00
206,10 - 205,40