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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairGBPJPY
Publication Time8/6/19 6:28 PM
Direction Sell
Status Closed (128.70)
18:23
18:23
Aug. 6, 2019
Forecast
-55 p
129.90
Stop Loss
129.35
Entry
+65 p
128.70
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  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.
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