USDJPY - Upward trend will continue, Long trade by market price recommended

September 4, 2019 5:57:05 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (106.85)
17:51
17:51
Sep. 4, 2019

+100 p
107.25
Target 2
+59 p
106.85
Target 1
106.25
Entry
-65 p
105.60
Stop Loss
Chart & Analyst Comments
USDJPY - Upward trend will continue, Long trade by market price recommended
  1. The decrease in the volume of buyers, together with the increase in the volume of sellers, confirms the need to buy, according to our trading idea.
  2. The Ratios indicator demonstrates a market shift towards sellers. Their increase while the downward movement may indicate a successfully triggered trap. Possible price reversal up.
  3. Our first target is at the level of the previous resistance - 106.85, and the second, in case of an active price increase, is at the level - 107.25