210,06. 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 is low. Bollinger bands are flat. ForexTrend 4H (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 210,70. The uptrend should continue on 214,00 (400 pips) resistance.
=> We could take a long position at 210,00. We will put the stop loss below 209,10 (-90 pips). The targets are 212,00 (+200 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 - 211,90
209,70 - 209,10