GBP/JPY - British Pound Yen
Short term (Intraday)
194,39. 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 193,00 (135 pips) support.
=> We could take a short position at 194,30. We will put the stop loss above 195,10 (-80 pips). The targets are 193,00 (+130 pips) 192,00 (+230 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 194,30. We will put the stop loss above 195,10 (-80 pips). The targets are 193,00 (+130 pips) 192,00 (+230 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
- Resistances
- 196,20 - 198,30
- Supports
- 194,10 - 193,00
updated 01 sept 2008 12:13 GMT +02:00
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