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 0.051573038101196s
t_/pages/forecast: 1x 0.048099040985107s
t_/common/header-new: 1x 0.030618906021118s
t_/common/head: 1x 0.025351047515869s
t_/common/footer-new: 1x 0.0041308403015137s
router_page: 1x 0.0019488334655762s
t_/popups/on-download: 1x 0.00095200538635254s
router: 1x 0.0008540153503418s
t_/common/cookie-banner: 1x 0.00064992904663086s
service-routes: 1x 0.00042915344238281s
t_/blocks/sidebar-afil: 1x 0.00022196769714355s
router_redirection: 1x 0.00021004676818848s
t_/popups/zoom: 1x 4.4107437133789E-5s
----- END OF DUMP (2024-07-26 23:57:07)  -----