211,01. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is low. Bollinger bands are flat. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum.
=> We could take a short position at 211,00. We will put the stop loss above 211,90 (-90 pips). The targets are 210,00 (+100 pips) 209,20 (+180 pips) 208,20 (+280 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
211,40 - 211,90
210,90 - 210,00