207,63. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue to gather momentum. The price should find a resistance below 209,00. We won't take a position. The risk/reward ratio is too high to take a position..
208,00 - 209,00
206,85 - 206,00