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

December 9, 2021 6:49:44 PM by Alex Zarevich
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 0.036494970321655s
t_/pages/forecast: 1x 0.03288197517395s
t_/common/header-new: 1x 0.020705938339233s
t_/common/head: 1x 0.016971111297607s
t_/common/footer-new: 1x 0.0025358200073242s
router_page: 1x 0.0017158985137939s
router: 1x 0.00082206726074219s
t_/popups/on-download: 1x 0.00058698654174805s
service-routes: 1x 0.00033092498779297s
router_redirection: 1x 0.00014305114746094s
t_/popups/zoom: 1x 1.9073486328125E-5s
----- END OF DUMP (2023-01-31 11:18:01)  -----