130,04. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a support above 128,80 (124 pips). The price should consolidate. If the support is broken then the target will be 120,00 (1004 pips).
130,50 - 131,70
128,80 - 127,50