206,07. GBP JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The consolidation should continue. The price should find a resistance below 206,60. If the resistance is broken then the target will be 208,50. We won't take a position. The risk/reward ratio is too high to take a position..
206,50 - 208,50
205,00 - 203,60