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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairUSDJPY
Publication Time9/4/19 5:57 PM
Direction Buy
Status Closed (106.85)
17:51
17:51
Sep. 4, 2019
Forecast
+100 p
107.25
Target 2
+60 p
106.85
Target 1
106.25
Entry
-65 p
105.60
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. The decrease in the buyers volume, together with the increase in the sellers volume, 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 upward reversal.
  3. The first target is at the level of the previous peak - 106.85, and the second one, in case of an active price increase, is at the level - 107.25
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