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 0.047394990921021s
t_/pages/forecast: 1x 0.042709112167358s
t_/common/header-new: 1x 0.029011011123657s
t_/common/head: 1x 0.024883031845093s
t_/common/footer-new: 1x 0.0032169818878174s
router_page: 1x 0.0023410320281982s
router: 1x 0.0011289119720459s
t_/popups/on-download: 1x 0.00066900253295898s
service-routes: 1x 0.00047206878662109s
router_redirection: 1x 0.00024199485778809s
t_/popups/zoom: 1x 2.288818359375E-5s
----- END OF DUMP (2022-01-16 23:00:01)  -----