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

June 25, 2019 4:06:34 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (136.65)
16:05
16:05
Jun. 25, 2019

-65 p
136.65
Stop Loss
136.00
Entry
+59 p
135.40
Target 1
+109 p
134.90
Target 2
Chart & Analyst Comments
GBPJPY - Downward trend will continue, Short trade by market price recommended
  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  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. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.