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

June 12, 2019 4:30:20 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (137.15)
16:28
16:28
Jun. 12, 2019

-44 p
138.10
Stop Loss
137.65
Entry
+50 p
137.15
Target 1
Chart & Analyst Comments
GBPJPY - Downward trend will continue, Short trade by market price recommended

Take a medium-term trade using the Market Order. The trend will likely breakthrough the next resistance level.

  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.