GBP/JPY - British Pound Yen
Short term (Intraday)
198,85. 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, 4H ForexSto (Modified Stochastic) indicate a bearish pressure on GBP JPY. The downtrend should continue on 197,00 (185 pips) support.
=> We could take a short position at 199,00. We will put the stop loss above 199,70 (-70 pips). The targets are 198,00 (+100 pips) 197,00 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
=> We could take a short position at 199,00. We will put the stop loss above 199,70 (-70 pips). The targets are 198,00 (+100 pips) 197,00 (+200 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
- Resistances
- 199,30 - 199,70
- Supports
- 198,35 - 198,00
updated 29 août 2008 12:55 GMT +02:00
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