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 0.026027917861938s
t_/pages/forecast: 1x 0.024317979812622s
t_/common/header-new: 1x 0.015177965164185s
t_/common/head: 1x 0.012588024139404s
t_/common/footer-new: 1x 0.0022850036621094s
router_page: 1x 0.00078177452087402s
router: 1x 0.00052499771118164s
t_/popups/on-download: 1x 0.00047397613525391s
t_/common/cookie-banner: 1x 0.00037002563476562s
service-routes: 1x 0.00020599365234375s
t_/blocks/sidebar-afil: 1x 0.00014996528625488s
router_redirection: 1x 0.00010514259338379s
t_/popups/zoom: 1x 3.0040740966797E-5s
----- END OF DUMP (2025-08-20 03:57:08)  -----