GBPJPY - Upward trend will continue, Long trade by market price recommended
April 27, 2020 5:55:24 AM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (132.9)
+100 p
134.35
Target 2
+65 p
134.00
Target 1
133.35
Entry
-75 p
132.60
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 10
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Chart & Analyst Comments
For today's forecast, we recommend a Buy Order at this recommended market price - 133.35. This idea is based on the following analysis:
- For a while now, the Current Ratio indicator provides an opportunity for Long trade. We are using this signal as a basis for today’s trading forecast.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The first target is at the level of the previous peak - 134, and the second one, in case of an active price increase, is at the level - 134.35
