GBPJPY - Upward trend will continue, Long trade by market price recommended
July 28, 2021 8:26:27 AM
Forecast Details
PairGBPJPY
Direction
Buy
StatusClosed (153.25)
+110 p
153.55
Target 2
+80 p
153.25
Target 1
152.45
Entry
-80 p
151.65
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 2
Buy or Sell
Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- The idea of this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
- The first target is at the level of the previous peak - 153.25, and the second one, in case of an active price increase, is at the level - 153.55
