USDJPY - Upward trend will continue, Long trade by market price recommended
September 4, 2019 5:57:05 PM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (106.85)
+100 p
107.25
Target 2
+59 p
106.85
Target 1
106.25
Entry
-65 p
105.60
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- 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.
- 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