120,54. 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 low. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 122,50 (196 pips). The downtrend should continue to gather momentum.
122,20 - 123,90
120,30 - 119,00