207,46. GBP JPY is in an uptrend supported by 1H exponential moving averages. The volatility is low. 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 price should find a resistance below 208,00. The consolidation should continue. We won't take a position. The risk/reward ratio is too high to take a position..
207,80 - 208,30
206,75 - 205,80