215,99. 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 decreases. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The price should find a resistance below 217,00. The downtrend should continue to gather momentum.
=> We could take a short position at 216,00. We will put the stop loss above 217,00 (-100 pips). The targets are 214,00 (+200 pips) 212,50 (+350 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
217,00 - 217,75
214,80 - 214,00