Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28
EN

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

February 22, 2022 2:29:38 PM by Alex Zarevich
Forecast Details
PairGBPJPY
Direction Buy
StatusClosed (156.70)
14:27
14:27
Feb. 22, 2022
+105 p
157.00
Target 2
+75 p
156.70
Target 1
155.95
Entry
-75 p
155.20
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. MVP line is below the price and acts as a support level.
  5. 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.
    index: 1x 0.050626993179321s
t_/pages/forecast: 1x 0.047144889831543s
t_/common/header-new: 1x 0.030486822128296s
t_/common/head: 1x 0.024968147277832s
t_/common/footer-new: 1x 0.0038809776306152s
router_page: 1x 0.0015909671783447s
t_/popups/on-download: 1x 0.00077486038208008s
router: 1x 0.00072789192199707s
service-routes: 1x 0.00032401084899902s
router_redirection: 1x 0.0001378059387207s
t_/popups/zoom: 1x 3.814697265625E-5s
----- END OF DUMP (2022-11-26 19:53:11)  -----