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

August 8, 2019 7:37:52 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (128)
19:31
19:31
Aug. 8, 2019

-65 p
129.30
Stop Loss
128.65
Entry
+65 p
128.00
Target 1
+95 p
127.70
Target 2
Chart & Analyst Comments
GBPJPY - Downward trend will continue, Short trade by market price recommended
  1. The Current Ratios indicator have reached critical value, too many traders expect an upward movement. In this case, we recommend selling only.
  2. We are seeing an increase in buy positions by market crowd, who are replenishing an already large number of "locked up" losing buy positions.
  3. The first take profit is at the level of the previous support - 128, and the second, in case of an active price decrease, is at the level - 127.7