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
Publish Time9/11/19 4:39 PM
Direction Sell
Status Closed (132.20)
4:37:00 PM UTC
4:37:00 PM UTC
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

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 0.042479991912842s
t_/pages/forecast: 1x 0.037790060043335s
t_/common/header-new: 1x 0.023531913757324s
t_/common/head: 1x 0.019190073013306s
t_/common/footer-new: 1x 0.0034449100494385s
router_page: 1x 0.0025961399078369s
router: 1x 0.0011539459228516s
t_/popups/on-download: 1x 0.0007631778717041s
service-routes: 1x 0.00039482116699219s
router_redirection: 1x 0.0001370906829834s
t_/popups/zoom: 1x 4.4107437133789E-5s
t_/common/cookie-banner: 1x 4.2915344238281E-5s
----- END OF DUMP (2023-05-28 10:12:05)  -----