212,23. 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. 4H ForexSto (Modified Stochastic) indicate a bullish pressure on GBP JPY. The price should find a support above 211,90. The uptrend should continue on 214,00 (175 pips) resistance.
=> We could take a long position at 212,20. We will put the stop loss below 211,80 (-40 pips). The targets are 213,20 (+100 pips) 214,00 (+180 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
212,80 - 213,25
211,90 - 211,20