GBPJPY - Downward trend will continue, Short trade by market price recommended
June 27, 2019 3:19:18 PM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (137.15)
-59 p
137.15
Stop Loss
136.55
Entry
+55 p
136.00
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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Chart & Analyst Comments
- 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.
- When the price rises, a signal is formed (orange labels), which implies a downwards movement.
- The activity of "fresh" buyers in a downward movement may indicate that the market crowd still does not believe in a bearish trend.