The market has stabilized, the first signs of a downtrend appeared

July 3, 2019 3:40:39 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (107.5)
15:39
15:39
Jul. 3, 2019

-40 p
107.90
Stop Loss
107.50
Entry
+34 p
107.15
Target 1
Chart & Analyst Comments
The market has stabilized, the first signs of a downtrend appeared
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDJPY. As a result, we recommend considering going only short at this time.
  2. The decrease in the volume of sellers, together with the increase in the volume of buyers, confirms the need to sell according to our trading idea.
  3. The price decrease will be accompanied by trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for downward movement.