203,82. GBP JPY is in a range between 203,40 and 205,00. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. Bollinger bands are flat. Oscillators are neutral. The price should continue to move in 203,40 / 205,00 range. If the support is broken then the target will be 202,20 (160 pips). We won't take a position. The risk/reward ratio is too high to take a position..
204,25 - 204,95
203,40 - 202,20