GBP/JPY - British Pound Yen
Short term (Intraday)
212,12. GBP JPY is in an downtrend directed by 15min exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. 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 212,20. We will put the stop loss above 212,80 (-60 pips). The targets are 211,00 (+120 pips) 210,00 (+220 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
=> We could take a short position at 212,20. We will put the stop loss above 212,80 (-60 pips). The targets are 211,00 (+120 pips) 210,00 (+220 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
- Resistances
- 212,80 - 213,70
- Supports
- 211,75 - 211,00
updated 25 juil 2008 05:11 GMT +02:00
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