205,28. GBP JPY broke 206,00 support. 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 rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. 4H ForexSto (Modified Stochastic) crosses and gives a negative signal. The downtrend should continue to gather momentum. The price should find a support above 204,00. If the support is broken then the target will be 203,00.
206,00 - 207,80
205,00 - 204,00