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

August 6, 2019 6:28:49 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (128.7)
18:23
18:23
Aug. 6, 2019

-55 p
129.90
Stop Loss
129.35
Entry
+65 p
128.70
Target 1
Chart & Analyst Comments
GBPJPY - Downward trend will continue, Short trade by market price recommended
  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.