208,41. GBP JPY is in an uptrend supported by 1H exponential moving averages. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (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 209,00. If the resistance is broken then the target will be 214,00 (550 pips).
We are waiting for a break of resistance to take a long position.
208,90 - 209,40
208,30 - 207,60