GBPJPY

We could take a short position at 204.70. We will put the stop loss above 205.30 (-60 pips). The targets are 204,00 (+70 pips) 203.50 (+120 pips) 201.00 (+370 pips) . Each trade is dangerous, take care and put your stop loss.

GBPJPY . GBPUSD

GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H is in a bearish configuration. 4H indicate a bearish pressure on GBP JPY. The price should find a resistance below 205.20. The downtrend should continue to gather momentum.

GBP USD is in a consolidation after the last bearish movement. GBP USD moves without trend and swings around exponential moving averages of EMA 50 and 100. The volatility decreases. Bollinger bands are tightened. The consolidation should continue. The price should continue to move in 1.9600 / 1.9700 range.