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

December 5, 2019 9:01:29 PM by Alexander Zorevyk
Forecast Details
Direction Sell
StatusClosed (108.50)
Dec. 5, 2019

-55 p
Stop Loss
+50 p
Target 1
Chart & Analyst Comments
  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.
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