GBPJPY - Upward trend will continue, Long trade by market price recommended

February 13, 2020 12:15:09 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Buy
StatusClosed (142.4)
12:13
12:13
Feb. 13, 2020

+50 p
142.90
Target 1
142.40
Entry
-50 p
141.90
Stop Loss
Chart & Analyst Comments
GBPJPY - Upward trend will continue, Long trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.