The market has stabilized, the first signs of a downtrend appeared
August 13, 2019 6:43:16 PM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (127.5)
-70 p
128.90
Stop Loss
128.20
Entry
+69 p
127.50
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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Chart & Analyst Comments
- Majority of traders are still holding onto longs. This means we should continue selling 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 will begin actively to take profits, returning the price to its original position.