Currency pair USDJPY is ready for retracement, Bulls come into play

March 13, 2019 8:44:45 AM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (111.6)
6:01
6:00
Mar. 13, 2019

+30 p
111.60
Target 1
111.30
Entry
-35 p
110.95
Stop Loss
Chart & Analyst Comments
Currency pair USDJPY is ready for retracement, Bulls come into play
  1. According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The resistance level formed by a large sellers cluster near the current price can hold the price and turn it upwards.
  3. MVP line is below the price and acts as a support level.
  4. This zone is of an interest of a big player. We are expecting the price increase of USDJPY and the achievement of this goal within the current day.