Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

August 13, 2021 1:29:04 PM by Alexander Zorevyk
Forecast Details
Direction Buy
StatusClosed (109.50)
Aug. 13, 2021

+90 p
Target 2
+60 p
Target 1
-60 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. When the price decreases, a signal is formed (orange labels), which implies 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 first target is at the level of the previous peak - 110.7, and the second one, in case of an active price increase, is at the level - 111
    index: 1x 0.033585071563721s
t_/pages/forecast: 1x 0.03082799911499s
t_/common/header-new: 1x 0.019006013870239s
t_/common/head: 1x 0.015753984451294s
t_/common/footer-new: 1x 0.0027451515197754s
router_page: 1x 0.0015201568603516s
router: 1x 0.00066399574279785s
t_/popups/on-download: 1x 0.00050497055053711s
service-routes: 1x 0.00025606155395508s
router_redirection: 1x 0.00011801719665527s
t_/popups/zoom: 1x 1.5974044799805E-5s
----- END OF DUMP (2022-07-05 18:35:07)  -----