212,73. GBP JPY is in an uptrend supported by 4H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue to gather momentum. The target is expected at 214,00 (125 pips). We won't take a position. The risk/reward ratio is too high to take a position..
213,20 - 214,00
211,90 - 210,65