GBPJPY - Downward trend will continue, Short trade by market price recommended

March 5, 2020 6:42:14 PM by Alex Zarevich
Forecast Details
Direction Sell
StatusClosed (137.00)
Mar. 5, 2020

-65 p
Stop Loss
+65 p
Target 1
+95 p
Target 2
Chart & Analyst Comments
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPJPY. As a result, we recommend considering only Short trades at this time.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  4. The first target is at the level of the previous bottom - 137, and the second one, in case of an active price decrease, is at the level - 136.7
  5. MVP line is above the price and acts as a resistance level.
    index: 1x 0.034625053405762s
t_/pages/forecast: 1x 0.031646966934204s
t_/common/header-new: 1x 0.019962072372437s
t_/common/head: 1x 0.01613187789917s
t_/common/footer-new: 1x 0.0025529861450195s
router_page: 1x 0.0016269683837891s
router: 1x 0.00074505805969238s
t_/popups/on-download: 1x 0.00049495697021484s
service-routes: 1x 0.00035810470581055s
router_redirection: 1x 0.00015997886657715s
t_/popups/zoom: 1x 3.504753112793E-5s
----- END OF DUMP (2022-12-09 11:46:12)  -----