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GBPJPY - Downward trend will continue, Short trade by market price recommended

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairGBPJPY
Publication Time8/2/19 1:32 PM
Direction Sell
Status Closed (127.60)
Aug. 2, 2019
Aug. 9, 2019
Forecast
-220 p
131.80
Stop Loss
129.60
Entry
+200 p
127.60
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
  2. The increase in buyers is observed both in the downward movement and in the retracement movements. Retail traders still believe in the possibility of price increase.
  3. Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
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