212,98. 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 is low. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum. The target is expected at 210,00. The price should find a support above 212,00.
=> We could take a short position at 213,10. We will put the stop loss above 213,60 (-50 pips). The targets are 212,00 (+110 pips) 211,00 (+210 pips) 210,00 (+310 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
213,40 - 213,90
212,70 - 212,00