Currency pair USDJPY is ready for correction, 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

+29 p
111.60
Target 1
111.30
Entry
-34 p
110.95
Stop Loss
Chart & Analyst Comments
Currency pair USDJPY is ready for correction, Bulls come into play
  1. According to the position ratio indicator, the market crowd favors a downward movement. We recommend buying.
  2. Resistance formed from a large cluster of sellers 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 look forward to reaching this zone today.