- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- MVP line is below the price and acts as a support level.
- The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
GBPJPY - Upward trend will continue, Long trade by market price recommended
February 22, 2022 2:29:38 PM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (156.70)
+105 p
157.00
Target 2
+75 p
156.70
Target 1
155.95
Entry
-75 p
155.20
Stop Loss
Chart & Analyst Comments
