210,08. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue on 214,00 resistance. The price should find a support above 209,70.
=> We could take a long position at 210,00. We will put the stop loss below 209,50 (-50 pips). The targets are 212,50 (+250 pips) 214,00 (+400 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
210,70 - 212,50
209,70 - 208,50