GBPJPY - Downward trend will continue, Short trade by market price recommended
June 12, 2019 4:30:20 PM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (137.15)
-44 p
138.10
Stop Loss
137.65
Entry
+50 p
137.15
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 4
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Chart & Analyst Comments
Take a medium-term trade using the Market Order. The trend will likely breakthrough the next resistance level.
- According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
