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

GBPJPY - Downward trend will continue, Short trade by market price recommended

December 9, 2021 6:49:44 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (150.80)
Dec. 9, 2021

-80 p
Stop Loss
+75 p
Target 1
+100 p
Target 2
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPJPY. As a result, we recommend considering only Short trades at this time.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  4. MVP line is above the price and acts as a resistance level.
  5. The first target is at the level of the previous bottom - 149.25, and the second one, in case of an active price decrease, is at the level - 149
    index: 1x 0.036674976348877s
t_/pages/forecast: 1x 0.033635139465332s
t_/common/header-new: 1x 0.021167039871216s
t_/common/head: 1x 0.017348051071167s
t_/common/footer-new: 1x 0.002687931060791s
router_page: 1x 0.001755952835083s
router: 1x 0.00066590309143066s
t_/popups/on-download: 1x 0.00053596496582031s
service-routes: 1x 0.00027108192443848s
router_redirection: 1x 0.00012493133544922s
t_/popups/zoom: 1x 4.2915344238281E-5s
----- END OF DUMP (2022-07-02 03:06:07)  -----