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 0.028136968612671s
t_/pages/forecast: 1x 0.026693105697632s
t_/common/header-new: 1x 0.017354965209961s
t_/common/head: 1x 0.014358043670654s
t_/common/footer-new: 1x 0.0023188591003418s
router_page: 1x 0.00066208839416504s
router: 1x 0.00062108039855957s
t_/popups/on-download: 1x 0.00051093101501465s
t_/common/cookie-banner: 1x 0.00036287307739258s
service-routes: 1x 0.00020098686218262s
t_/blocks/sidebar-afil: 1x 0.00015807151794434s
router_redirection: 1x 0.00011610984802246s
t_/popups/zoom: 1x 1.1205673217773E-5s
----- END OF DUMP (2026-03-10 06:06:03)  -----