123,99. 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 high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 125,30 (131 pips). The downtrend should continue to gather momentum.
125,30 - 126,30
122,70 - 119,45