204,54. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. ForexTrend 1H (Mataf Trend Indicator) is in a bearish configuration. 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The price should find a resistance below 205,20. The downtrend should continue to gather momentum.
=> We could take a short position at 204,70. We will put the stop loss above 205,30 (-60 pips). The targets are 204,00 (+70 pips) 203,50 (+120 pips) 201,00 (+370 pips) . Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
205,20 - 205,90
204,30 - 203,50