203,77. GBP JPY broke 205,50 support. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a support above 203,50. If the support is broken then the target will be 200,00 (375 pips).
204,40 - 205,30
203,50 - 202,60