GBPJPY - Upward trend will continue, Long trade by market price recommended
February 20, 2020 8:21:34 PM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (144.55)
+64 p
144.95
Target 1
144.30
Entry
-65 p
143.65
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
- The Ratios indicator shows the change in the ratio of market players towards sellers. Their increase while the uptrend may indicate the activity of averaging traders. This can serve as "fuel" for further uptrend.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
- MVP line is below the price and acts as a support level.