GBPJPY - Downward trend will continue, Short trade by market price recommended
August 2, 2019 1:32:44 PM
Forecast Details
PairGBPJPY
Direction
Sell
StatusClosed (127.6)
-220 p
131.80
Stop Loss
129.60
Entry
+200 p
127.60
Target 1
About Author
Patrick Yang
Expert
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Total votes: 4
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect an upward movement. In this case, we recommend to Sell only.
- 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.
- Here is the crucial stop loss level to serve as a goal for our Sell trade idea.
