207,96. GBP JPY is in a consolidation after the last bullish movement. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 210,00. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
208,30 - 209,10
207,30 - 206,50