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

June 15, 2022 8:14:43 AM by Alex Zarevich
Forecast Details
PairGBPJPY
Direction Buy
StatusClosed (163.50)
8:14
8:14
Jun. 15, 2022

+100 p
163.50
Target 1
162.50
Entry
-75 p
161.75
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward for a continuation of the uptrend.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing take profit according to our forecast.
    index: 1x 0.034723997116089s
t_/pages/forecast: 1x 0.030850887298584s
t_/common/header-new: 1x 0.019871950149536s
t_/common/head: 1x 0.016672134399414s
t_/common/footer-new: 1x 0.0025038719177246s
router_page: 1x 0.0015659332275391s
router: 1x 0.00083780288696289s
t_/popups/on-download: 1x 0.00049209594726562s
service-routes: 1x 0.0003049373626709s
router_redirection: 1x 0.0001380443572998s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2023-01-31 10:22:01)  -----