212,91. GBP JPY is in an uptrend supported by 4H exponential moving averages. The price is just bellow 213,20 resistance. The volatility rises. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a resistance below 213,20. If the resistance is broken then the target will be 214,50 (160 pips).
We are waiting for a break of resistance to take a long position.
213,20 - 213,50
212,20 - 211,30