- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous peak - 157.9, and the second one, in case of an active price increase, is at the level - 158.2
GBPJPY - Upward trend will continue, Long trade by market price recommended
January 12, 2022 9:53:28 AM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (157.35)
+105 p
158.20
Target 2
+75 p
157.90
Target 1
157.15
Entry
-65 p
156.50
Stop Loss
Chart & Analyst Comments
