The market has stabilized, the first signs of a downtrend appeared
June 20, 2019 4:38:34 PM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (136.55)
-50 p
137.05
Stop Loss
136.55
Entry
+55 p
136.00
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 7
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Chart & Analyst Comments
- 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 only Short trades at this time.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
- Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
