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 0.22759079933167s
router: 1x 0.19368982315063s
t_/pages/forecast: 1x 0.031761884689331s
t_/common/header-new: 1x 0.020709037780762s
t_/common/head: 1x 0.017507076263428s
t_/common/footer-new: 1x 0.0024659633636475s
router_page: 1x 0.0015251636505127s
t_/popups/on-download: 1x 0.00056314468383789s
t_/common/cookie-banner: 1x 0.00038695335388184s
service-routes: 1x 0.00027298927307129s
t_/blocks/sidebar-afil: 1x 0.00026488304138184s
router_redirection: 1x 0.00012612342834473s
t_/popups/zoom: 1x 2.598762512207E-5s
----- END OF DUMP (2024-12-21 13:24:12)  -----