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The market has stabilized, the first signs of an uptrend appeared

July 7, 2022 9:22:12 AM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (136.55)
9:22
9:22
Jul. 7, 2022

+70 p
136.55
Target 1
135.85
Entry
-75 p
135.10
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  1. According to the most brokers’ data, more than half of the traders are currently in short positions on USDJPY. As a result, we recommend considering only Long trades at this time.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. The present level of MVP, which is below the current price, favors Buy Orders.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The risk/reward ratio allows you to set Take Profit at the same level where the SLC indicator signals that there are Stop orders - 136.55
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