The market has stabilized, the first signs of a downtrend appeared

June 20, 2019 4:38:34 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (136.55)
16:33
16:33
Jun. 20, 2019

-50 p
137.05
Stop Loss
136.55
Entry
+55 p
136.00
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on GBPJPY. As a result, we recommend considering going only short at this time.
  2. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.
  3. Price increase is accompanied by reversal signals for Profit Ratio.