GBPJPY - Upward trend will continue, Long trade by market price recommended
February 13, 2020 12:15:09 PM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (142.4)
+50 p
142.90
Target 1
142.40
Entry
-50 p
141.90
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.