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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairGBPJPY
Publish Time11/21/19 8:07 PM
Direction Sell
Status Closed (139.60)
7:58:00 PM UTC
7:58:00 PM UTC
Nov. 21, 2019
Forecast
-55 p
140.75
Stop Loss
140.20
Entry
+60 p
139.60
Target 1
+100 p
139.20
Target 2
Related Links
How to use MT4/5 Indicators Tools

Chart & Analyst Comments

main-sell-market-trend-1
  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
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