GBP/JPY - British Pound Yen
Short term (Intraday)
212,56. GBP JPY broke 213,30 support. GBP JPY is in a consolidation after the last bearish movement. The volatility is low. 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 213,00. The downtrend should continue to gather momentum.
=> We could take a short position at 212,60. We will put the stop loss above 213,00 (-40 pips). The targets are 211,00 (+160 pips) 210,00 (+260 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 212,60. We will put the stop loss above 213,00 (-40 pips). The targets are 211,00 (+160 pips) 210,00 (+260 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 2.
- Resistances
- 213,00 - 213,50
- Supports
- 212,00 - 211,00
updated 04 août 2008 05:42 GMT +02:00
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