GBPJPY - Downward trend will continue, Short trade by market price recommended

November 21, 2019 8:07:30 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (139.6)
19:58
19:58
Nov. 21, 2019

-55 p
140.75
Stop Loss
140.20
Entry
+59 p
139.60
Target 1
+100 p
139.20
Target 2
Chart & Analyst Comments
GBPJPY - Downward trend will continue, Short trade by market price recommended
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
  3. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  4. The first target is at the level of the previous bottom - 139.6, and the second one, in case of an active price decrease, is at the level - 139.2