215,90. 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 1H, 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 215,90. We will put the stop loss above 216,60 (-70 pips). The targets are 214,00 (+190 pips) 212,50 (+340 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
216,15 - 216,60
214,80 - 214,00