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

January 14, 2020 7:57:43 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (110.00)
19:50
19:50
Jan. 14, 2020
+50 p
110.50
Target 1
110.00
Entry
-45 p
109.55
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  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. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  3. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  4. Set Take profit at the local price maximum.
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