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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

-60 p
137.15
Stop Loss
136.55
Entry
+55 p
136.00
Target 1
Chart & Analyst Comments
main-sell-market-trend-1
  1. For a while now, the Current Ratio indicator provides an opportunity for Short trade. We are using this signal as a basis for today’s trading forecast.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
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