British Pound may reach 1.313 within the current day

February 25, 2019 8:44:10 AM by Alexander Zorevyk
Forecast Details
PairGBPUSD
Direction Buy
StatusClosed (1.313)
6:02
6:00
Feb. 25, 2019

+55 p
1.3130
Target 1
1.3075
Entry
-50 p
1.3025
Stop Loss
Chart & Analyst Comments
British Pound may reach 1.313 within the current day
  1. Since the CurrentRatio sentiment indicator informs us that the market crowd is selling, we should consider sticking to Buy Orders.
  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. Price broke through the MVP line and rushed up. We consider this a sign for further GBPUSD price increase.
  5. The risk-to-profit ratio allows us to set Take Profit for a Long trade at 1.313