207,16. GBP JPY is in a consolidation after the last bullish movement. GBP JPY is in a range between 203,50 and 207,60. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility decreases. Bollinger bands are tightened. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 207,60. The trend should reverse. The price should find a support above 206,00.
207,60 - 208,00
206,00 - 205,35