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

August 26, 2019 7:15:57 PM by Patrick Yang
Forecast Details
PairGBPJPY
Direction Sell
StatusClosed (128.65)
Start
End
Aug. 26, 2019
Sep. 2, 2019

-110 p
130.80
Stop Loss
129.70
Entry
+105 p
128.65
Target 1
+160 p
128.10
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Sell Order.
  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. MVP line is above the price and acts as a resistance level.
  4. Visually assessing the ratio of buyers and sellers, we see that retail buyers dominate on the market. This fact favors the Short Orders.
    index: 1x 0.034877061843872s
t_/pages/forecast: 1x 0.03127121925354s
t_/common/header-new: 1x 0.019522905349731s
t_/common/head: 1x 0.016014099121094s
t_/common/footer-new: 1x 0.0027191638946533s
router_page: 1x 0.0019199848175049s
router: 1x 0.00088810920715332s
t_/popups/on-download: 1x 0.00059199333190918s
service-routes: 1x 0.00036287307739258s
router_redirection: 1x 0.00016307830810547s
t_/popups/zoom: 1x 3.3140182495117E-5s
----- END OF DUMP (2022-10-05 05:35:10)  -----