204,64. GBP JPY broke 205,00 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 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The consolidation should continue. The price should continue to move in 203,50 / 205,10 range. If the support is broken then the target will be 198,00 (660 pips).
205,10 - 205,85
204,00 - 203,50