USDJPY - Upward trend will continue, Long trade by market price recommended
November 7, 2019 6:59:52 AM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (109.5)
+75 p
109.50
Target 2
+50 p
109.25
Target 1
108.75
Entry
-59 p
108.15
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
- The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
- The first target is at the level of the previous peak - 109.25, and the second one, in case of an active price increase, is at the level - 109.5