The market has stabilized, the first signs of a downtrend appeared
June 30, 2020 6:10:02 AM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (132.8)
-80 p
132.80
Stop Loss
132.00
Entry
+75 p
131.25
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in long positions on GBPJPY. As a result, we recommend considering only Short trades at this time.
- The Ratios indicator shows the change in the ratio of market players towards buyers. Their increase while the downtrend may indicate the activity of averaging traders. This can serve as "fuel" for further downtrend.
- MVP line is above the price and acts as a resistance level.
- Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.
