USDJPY - Upward trend will continue, Long trade by market price recommended
January 14, 2020 7:57:43 PM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (110)
+50 p
110.50
Target 1
110.00
Entry
-45 p
109.55
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 5
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Chart & Analyst Comments
- 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.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- Set Take profit at the local price maximum.
