GBPJPY - Downward trend will continue, Short trade by market price recommended
November 21, 2019 8:07:30 PM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (139.6)
-55 p
140.75
Stop Loss
140.20
Entry
+59 p
139.60
Target 1
+100 p
139.20
Target 2
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
- The dynamics of the Ratios indicator signals for Short opportunities. Pay attention to the area marked on the image.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- 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