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 (127.6)
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
GBPJPY - Downward trend will continue, Short trade by market price recommended
  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.