Black Friday Deal Black Friday Offer: Get a Lifetime Plan With 70% Discount! See Pricing Only till NOV, 28

USDJPY - Upward trend will continue, Long trade by market price recommended

February 11, 2020 8:02:01 AM by Alex Zarevich
Forecast Details
Direction Buy
StatusClosed (110.07)
Feb. 11, 2020

+65 p
Target 1
-55 p
Stop Loss
Chart & Analyst Comments
  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. Analyzing the positions ratio, we see that most traders are currently in Shorts, which also combines with the original idea.
  3. 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
  4. MVP line is below the price and acts as a support level.
  5. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
    index: 1x 0.037698984146118s
t_/pages/forecast: 1x 0.03397798538208s
t_/common/header-new: 1x 0.022717952728271s
t_/common/head: 1x 0.018193006515503s
t_/common/footer-new: 1x 0.0024778842926025s
router_page: 1x 0.0017640590667725s
router: 1x 0.000885009765625s
t_/popups/on-download: 1x 0.00050091743469238s
service-routes: 1x 0.00029802322387695s
router_redirection: 1x 0.00013113021850586s
t_/popups/zoom: 1x 1.3828277587891E-5s
----- END OF DUMP (2022-11-26 18:24:11)  -----