USDJPY - the pair is about to leave the range of flat
December 5, 2019 9:01:29 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (108.5)
-55 p
109.30
Stop Loss
108.75
Entry
+50 p
108.25
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 11
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Chart & Analyst Comments
- 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.
- 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.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
