The market has stabilized, the first signs of a downtrend appeared
July 3, 2019 3:40:39 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (107.5)
-40 p
107.90
Stop Loss
107.50
Entry
+34 p
107.15
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 12
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Chart & Analyst Comments
- 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.
- 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.
- The price decrease will be accompanied by trigger of market crowds’ stop losses, which in turn will serve as a "fuel" for downward movement.