210,55. GBP JPY is in an uptrend supported by 1H exponential moving averages. GBP JPY is in a consolidation after the last bullish movement. GBP JPY is in a range between 208,50 and 210,70. Bollinger bands are flat. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue to gather momentum. The target is expected at 214,00 (350 pips).
=> We could take a long position at 210,50. We will put the stop loss below 209,50 (-100 pips). The targets are 212,00 (+150 pips) 214,00 (+350 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
210,70 - 211,90
209,60 - 208,50