205,17. 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 is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) crosses and gives a negative signal. The price should find a resistance below 206,00. The downtrend should continue to gather momentum. The price should find a support above 203,50. If the support is broken then the target will be 199,00 (620 pips).
205,50 - 206,00
204,90 - 203,50