The market has stabilized, the first signs of an uptrend appeared
May 14, 2020 4:47:07 PM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (131.35)
+79 p
131.35
Target 2
+54 p
131.10
Target 1
130.55
Entry
-60 p
129.95
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
Previous price movement provoked sellers to action, but having made a fake manoeuvre, it returned upwards. Now is a good time to enter the market with a Buy Order.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- The first target is at the level of the previous peak - 131.1, and the second one, in case of an active price increase, is at the level - 131.35
