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

May 12, 2020 7:15:33 AM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (107.15)
May 12, 2020

+70 p
Target 2
+50 p
Target 1
-55 p
Stop Loss
Chart & Analyst Comments
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning up.
  2. We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  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 0.052217960357666s
t_/pages/forecast: 1x 0.048444986343384s
t_/common/header-new: 1x 0.029714822769165s
t_/common/head: 1x 0.024915933609009s
t_/common/footer-new: 1x 0.0042028427124023s
router_page: 1x 0.002108097076416s
router: 1x 0.00111985206604s
t_/popups/on-download: 1x 0.00087809562683105s
service-routes: 1x 0.00045299530029297s
router_redirection: 1x 0.00021219253540039s
t_/popups/zoom: 1x 6.5088272094727E-5s
----- END OF DUMP (2021-12-01 14:59:12)  -----