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 Time10/27/20 8:08 AM
Direction Sell
Status Closed (135.75)
8:01
8:01
Oct. 27, 2020
Forecast
-75 p
137.20
Stop Loss
136.45
Entry
+70 p
135.75
Target 1
+70 p
135.75
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. Majority of traders are still holding onto Longs. This means we should continue to Sell GBPJPY.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. The price decrease will be accompanied by the trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for the downward movement.
    index: 1x 0.030404090881348s
t_/pages/forecast: 1x 0.02916693687439s
t_/common/header-new: 1x 0.019426107406616s
t_/common/head: 1x 0.016469955444336s
t_/common/footer-new: 1x 0.0024600028991699s
router_page: 1x 0.00069594383239746s
t_/popups/on-download: 1x 0.00050616264343262s
router: 1x 0.00039410591125488s
t_/common/cookie-banner: 1x 0.00030112266540527s
service-routes: 1x 0.00019693374633789s
t_/blocks/sidebar-afil: 1x 0.00015902519226074s
router_redirection: 1x 0.00012111663818359s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2026-04-23 06:27:04)  -----