209,49. GBP JPY broke 208,00 resistance. The volatility rises. Bollinger bands are deviated. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue to gather momentum. The target is expected at 214,00.
=> We could take a long position at 209,50. We will put the stop loss below 208,50 (-100 pips). The targets are 213,00 (+350 pips) 214,00 (+450 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
210,00 - 214,00
208,50 - 208,00