129,37. GBP JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. 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 continue to move in 128,75 / 131,00 range. If the support breaks then the target will be 123,00 (637 pips).
131,00 - 132,60
128,75 - 126,70