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

September 11, 2019 4:39:36 PM by Alex Zarevich
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 0.035344839096069s
t_/pages/forecast: 1x 0.032076120376587s
t_/common/header-new: 1x 0.02001690864563s
t_/common/head: 1x 0.016484975814819s
t_/common/footer-new: 1x 0.0027399063110352s
router_page: 1x 0.0016641616821289s
router: 1x 0.00072884559631348s
t_/popups/on-download: 1x 0.00063109397888184s
service-routes: 1x 0.00030994415283203s
router_redirection: 1x 0.00012803077697754s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2022-12-09 12:52:12)  -----