GBP/JPY - British Pound Yen
Short term (Intraday)
187,34. GBP JPY is in an downtrend directed by 1H exponential moving averages. GBP JPY is in a consolidation after the last bearish movement. The volatility decreases. Bollinger bands are tightened. 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 to gather momentum. The target is expected at 180,00.
=> We could take a short position at 187,50. We will put the stop loss above 188,30 (-80 pips). The targets are 186,30 (+120 pips) 184,50 (+300 pips) 181,50 (+600 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 187,50. We will put the stop loss above 188,30 (-80 pips). The targets are 186,30 (+120 pips) 184,50 (+300 pips) 181,50 (+600 pips). Each trade is dangerous, take care and put your stop loss. Trade configuration (1 Speculative -> 4 Trend following): 4.
- Resistances
- 189,25 - 192,00
- Supports
- 186,30 - 184,60
updated 05 sept 2008 10:10 GMT +02:00
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