208,08. GBP JPY is in an downtrend directed by 4H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility is high. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bearish configuration. The consolidation should continue. The price should continue to move in 204,90 / 210,40 range. We won't take a position. The risk/reward ratio is too high to take a position..
210,40 - 212,00
207,00 - 204,90