205,43. GBP JPY is in a range between 203,60 and 206,20. GBP JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a resistance below 206,20. If the resistance is broken then the target will be 207,70. We won't take a position. The risk/reward ratio is too high to take a position..
206,20 - 207,70
205,00 - 203,60