211,33. GBP JPY broke 210,00 resistance. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility rises. Bollinger bands are deviated. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. 4H ForexSto (Modified Stochastic) crosses and gives a positive signal. The price should find a resistance below 213,00. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
212,00 - 213,00
209,70 - 207,00