GBP/JPY - British Pound Yen
Short term (Intraday)
201,19. GBP JPY is in an downtrend directed by 1H exponential moving averages. The volatility is high. Bollinger bands are parallel and form the trend. ForexTrend 1H, 4H, daily (Mataf Trend Indicator) is in a bearish configuration. 1H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue to gather momentum.
=> We could take a short position at 201,40. We will put the stop loss above 202,00 (-60 pips). The targets are 200,50 (+90 pips) 200,00 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
=> We could take a short position at 201,40. We will put the stop loss above 202,00 (-60 pips). The targets are 200,50 (+90 pips) 200,00 (+140 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 3.
- Resistances
- 201,70 - 202,00
- Supports
- 201,00 - 200,50
updated 27 août 2008 05:53 GMT +02:00
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