133,46. GBP JPY is in a range between 131,50 and 134,00. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 134,00 (54 pips). We won't take a position. The risk/reward ratio is too high to take a position..
134,00 - 134,70
132,50 - 131,50