USDJPY - the pair is about to leave the range of flat

December 5, 2019 9:01:29 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (108.5)
20:51
20:51
Dec. 5, 2019

-55 p
109.30
Stop Loss
108.75
Entry
+50 p
108.25
Target 1
Chart & Analyst Comments
USDJPY - the pair is about to leave the range of flat
  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 only Short trades at this time.
  2. We see a sharp increase in buy orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting a downward movement.
  3. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.