EN

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

Patrick Yang on FXSSI Patrick Yang Expert
main-buy-market-trend-1
Forecast Details
PairGBPJPY
Publication Time2/14/20 11:04 AM
Direction Buy
Status Closed (144.10)
Feb. 14, 2020
Feb. 21, 2020
Forecast
+110 p
144.10
Target 1
143.00
Entry
-110 p
141.90
Stop Loss
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-buy-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on GBPJPY. As a result, we recommend considering only Long trades at this time.
  2. 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.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. MVP line is below the price and acts as a support level.
  5. These accumulation of retail traders stop losses coincide with the level of the previous high. This level will serve as the target for our trade.
    index: 1x 0.033135890960693s
t_/pages/forecast: 1x 0.030615091323853s
t_/common/header-new: 1x 0.01944899559021s
t_/common/head: 1x 0.016471147537231s
t_/common/footer-new: 1x 0.0026280879974365s
router_page: 1x 0.0012869834899902s
t_/popups/on-download: 1x 0.00064206123352051s
router: 1x 0.000640869140625s
t_/common/cookie-banner: 1x 0.00039005279541016s
service-routes: 1x 0.00028395652770996s
t_/blocks/sidebar-afil: 1x 0.00018095970153809s
router_redirection: 1x 0.00012493133544922s
t_/popups/zoom: 1x 3.1948089599609E-5s
----- END OF DUMP (2024-10-18 03:17:10)  -----