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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
main-sell-trend-2
  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 only Short trades at this time.
  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. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
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