208,89. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a support above 208,20. If the support is broken then the target will be 207,00. We won't take a position. The risk/reward ratio is too high to take a position..
209,50 - 215,50
208,20 - 207,75