Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity
EN

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

August 2, 2019 1:32:44 PM by Patrick Yang
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (127.60)
Start
End
Aug. 2, 2019
Aug. 9, 2019
-220 p
131.80
Stop Loss
129.60
Entry
+200 p
127.60
Target 1
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.
    index: 1x 0.038976907730103s
t_/pages/forecast: 1x 0.034030914306641s
t_/common/header-new: 1x 0.022675037384033s
t_/common/head: 1x 0.018980026245117s
t_/common/footer-new: 1x 0.0028438568115234s
router_page: 1x 0.0026340484619141s
router: 1x 0.0012280941009521s
t_/popups/on-download: 1x 0.00052905082702637s
service-routes: 1x 0.00050616264343262s
router_redirection: 1x 0.00020599365234375s
t_/popups/zoom: 1x 4.6014785766602E-5s
----- END OF DUMP (2022-10-05 04:55:10)  -----