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

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

June 7, 2019 12:32:01 PM by Patrick Yang
Forecast Details
Direction Sell
StatusClosed (136.70)
Jun. 7, 2019
Jun. 14, 2019

-155 p
Stop Loss
+195 p
Target 1
Chart & Analyst Comments
  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 activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  3. Upward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
    index: 1x 0.043954849243164s
t_/pages/forecast: 1x 0.039129972457886s
t_/common/header-new: 1x 0.027966022491455s
t_/common/head: 1x 0.024304866790771s
router_page: 1x 0.0025970935821533s
t_/common/footer-new: 1x 0.0025629997253418s
router: 1x 0.0012161731719971s
t_/popups/on-download: 1x 0.00050902366638184s
service-routes: 1x 0.00049591064453125s
router_redirection: 1x 0.00020790100097656s
t_/popups/zoom: 1x 1.3113021850586E-5s
----- END OF DUMP (2022-10-05 05:13:10)  -----