- Majority of traders are still holding onto Longs. This means we should continue to Sell GBPJPY.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- After a slight upward price movement, profitable buyers actively begin to take profits, returning the price to its original position.
The market has stabilized, the first signs of a downtrend appeared
August 13, 2019 6:43:16 PM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (127.50)
-70 p
128.90
Stop Loss
128.20
Entry
+70 p
127.50
Target 1
Chart & Analyst Comments
