Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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 (108.50)
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
main-breakout-1
  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.
    index: 1x 0.040266990661621s
t_/pages/forecast: 1x 0.036505937576294s
t_/common/header-new: 1x 0.025803089141846s
t_/common/head: 1x 0.022028923034668s
t_/common/footer-new: 1x 0.0027120113372803s
router_page: 1x 0.0017199516296387s
router: 1x 0.00073003768920898s
t_/popups/on-download: 1x 0.00058507919311523s
service-routes: 1x 0.00028419494628906s
router_redirection: 1x 0.00011610984802246s
t_/popups/zoom: 1x 3.0994415283203E-5s
----- END OF DUMP (2022-07-05 18:31:07)  -----