USDJPY - Downward trend will continue, Short trade by market price recommended

June 13, 2019 7:23:17 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (108.5)
19:19
19:19
Jun. 13, 2019

-50 p
108.80
Stop Loss
108.30
Entry
+50 p
107.80
Target 1
Chart & Analyst Comments
USDJPY - Downward trend will continue, Short trade by market price recommended
  1. According to the Current Ratio indicator, the market crowd inclined to believe in an upward movement. We recommend Short trade for today.
  2. The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.