211,15. GBP JPY broke 210,70 resistance. GBP JPY is in an uptrend supported by 1H exponential moving averages. The volatility rises. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The uptrend should continue on 214,00 (285 pips) resistance.
=> We could take a long position at 211,00. We will put the stop loss below 210,30 (-70 pips). The targets are 212,00 (+100 pips) 214,00 (+300 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
211,40 - 212,00
211,00 - 210,40