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

June 27, 2019 3:19:18 PM by Alexander Zorevyk
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (137.15)
15:18
15:18
Jun. 27, 2019

-59 p
137.15
Stop Loss
136.55
Entry
+55 p
136.00
Target 1
Chart & Analyst Comments
GBPJPY - Downward trend will continue, Short trade by market price recommended
  1. For a while now, the Current Ratios indicator has been signalling sell opportunities. Today we are using this signal as the basis for our trading forecast.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.