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 10, 2021 4:21:08 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (153.25)
Aug. 10, 2021

+70 p
Target 2
+50 p
Target 1
-55 p
Stop Loss
Chart & Analyst Comments
  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. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  4. MVP line is below the price and acts as a support level.
  5. The first target is at the level of the previous peak - 153.25, and the second one, in case of an active price increase, is at the level - 153.45
    index: 1x 0.036986112594604s
t_/pages/forecast: 1x 0.033627986907959s
t_/common/header-new: 1x 0.020868062973022s
t_/common/head: 1x 0.017223834991455s
t_/common/footer-new: 1x 0.0029630661010742s
router_page: 1x 0.0016829967498779s
router: 1x 0.00087499618530273s
t_/popups/on-download: 1x 0.00053286552429199s
service-routes: 1x 0.00033807754516602s
router_redirection: 1x 0.00016593933105469s
t_/popups/zoom: 1x 3.3855438232422E-5s
----- END OF DUMP (2022-08-08 06:42:08)  -----