EN

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 Time9/11/19 4:39 PM
Direction Sell
Status Closed (132.20)
16:37
16:37
Sep. 11, 2019
Forecast
-55 p
133.35
Stop Loss
132.80
Entry
+60 p
132.20
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell GBPJPY.
  2. 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.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
    index: 1x 0.048953056335449s
t_/pages/forecast: 1x 0.045351028442383s
t_/common/header-new: 1x 0.028995990753174s
t_/common/head: 1x 0.024098873138428s
t_/common/footer-new: 1x 0.0044369697570801s
router_page: 1x 0.0018529891967773s
router: 1x 0.00092697143554688s
t_/popups/on-download: 1x 0.00089502334594727s
t_/common/cookie-banner: 1x 0.00061893463134766s
service-routes: 1x 0.00036787986755371s
t_/blocks/sidebar-afil: 1x 0.00029706954956055s
router_redirection: 1x 0.00017189979553223s
t_/popups/zoom: 1x 5.0067901611328E-5s
----- END OF DUMP (2024-04-26 08:47:04)  -----