EN

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
Publication Time6/25/19 4:06 PM
Direction Sell
Status Closed (136.65)
16:05
16:05
Jun. 25, 2019
Forecast
-65 p
136.65
Stop Loss
136.00
Entry
+60 p
135.40
Target 1
+110 p
134.90
Target 2
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  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.
    index: 1x 0.05492901802063s
t_/pages/forecast: 1x 0.050240993499756s
t_/common/header-new: 1x 0.032299041748047s
t_/common/head: 1x 0.02662205696106s
t_/common/footer-new: 1x 0.0046930313110352s
router_page: 1x 0.0023128986358643s
router: 1x 0.0010740756988525s
t_/popups/on-download: 1x 0.0010318756103516s
t_/common/cookie-banner: 1x 0.00066304206848145s
service-routes: 1x 0.00050902366638184s
t_/blocks/sidebar-afil: 1x 0.00029301643371582s
router_redirection: 1x 0.00027179718017578s
t_/popups/zoom: 1x 2.0980834960938E-5s
----- END OF DUMP (2024-07-27 03:40:07)  -----