- 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.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 157.2, and the second one, in case of an active price increase, is at the level - 157.5
The market has stabilized, the first signs of an uptrend appeared
February 16, 2022 7:04:50 PM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (156.75)
+90 p
157.50
Target 2
+60 p
157.20
Target 1
156.60
Entry
-60 p
156.00
Stop Loss
Chart & Analyst Comments
