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 0.025991916656494s
t_/pages/forecast: 1x 0.024466037750244s
t_/common/header-new: 1x 0.015493154525757s
t_/common/head: 1x 0.012409925460815s
t_/common/footer-new: 1x 0.0022001266479492s
router_page: 1x 0.00067996978759766s
t_/common/cookie-banner: 1x 0.00067710876464844s
t_/popups/on-download: 1x 0.00042414665222168s
router: 1x 0.00039815902709961s
service-routes: 1x 0.00017786026000977s
t_/blocks/sidebar-afil: 1x 0.00014519691467285s
router_redirection: 1x 9.2029571533203E-5s
t_/popups/zoom: 1x 1.0967254638672E-5s
----- END OF DUMP (2025-09-30 01:51:09)  -----