215,21. 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 high. Bollinger bands are flat. ForexTrend 4H, daily (Mataf Trend Indicator) is in a bearish configuration. The downtrend should continue to gather momentum. The price should find a resistance below 216,00.
=> We could take a short position at 215,30. We will put the stop loss above 216,10 (-80 pips). The targets are 213,70 (+160 pips) 211,50 (+380 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
216,00 - 216,15
214,75 - 213,70