Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

GBPJPY - Upward trend will continue, Long trade by market price recommended

August 3, 2021 4:28:13 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Buy
StatusClosed (152.50)
16:26
16:26
Aug. 3, 2021

+80 p
152.50
Target 2
+55 p
152.25
Target 1
151.70
Entry
-55 p
151.15
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on GBPJPY. As a result, we recommend considering only Long trades at this time.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. The first target is at the level of the previous peak - 152.25, and the second one, in case of an active price increase, is at the level - 152.5
    index: 1x 0.034949064254761s
t_/pages/forecast: 1x 0.031742095947266s
t_/common/header-new: 1x 0.019681215286255s
t_/common/head: 1x 0.016023874282837s
t_/common/footer-new: 1x 0.0027868747711182s
router_page: 1x 0.0016448497772217s
router: 1x 0.00082492828369141s
t_/popups/on-download: 1x 0.00054502487182617s
service-routes: 1x 0.00030708312988281s
router_redirection: 1x 0.00014400482177734s
t_/popups/zoom: 1x 3.3855438232422E-5s
----- END OF DUMP (2022-08-08 07:50:08)  -----