Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

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

September 11, 2019 4:39:36 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (132.20)
16:37
16:37
Sep. 11, 2019
-55 p
133.35
Stop Loss
132.80
Entry
+60 p
132.20
Target 1
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 0.033445119857788s
t_/pages/forecast: 1x 0.030167818069458s
t_/common/header-new: 1x 0.019769191741943s
t_/common/head: 1x 0.016263961791992s
t_/common/footer-new: 1x 0.0024380683898926s
router_page: 1x 0.0015380382537842s
router: 1x 0.00070309638977051s
t_/popups/on-download: 1x 0.00047993659973145s
service-routes: 1x 0.00030207633972168s
router_redirection: 1x 0.00013995170593262s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-08-08 19:51:08)  -----