The market has stabilized, the first signs of an uptrend appeared
February 19, 2021 11:29:38 AM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (147.2)
+80 p
148.00
Target 2
+60 p
147.80
Target 1
147.20
Entry
-60 p
146.60
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 10
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Chart & Analyst Comments
- 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.
- We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
- The first target is at the level of the previous peak - 147.8, and the second one, in case of an active price increase, is at the level - 148
