USDJPY - Downward trend will continue, Short trade by market price recommended
October 14, 2020 7:33:09 AM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (105.2)
-65 p
106.15
Stop Loss
105.50
Entry
+65 p
104.85
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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Chart & Analyst Comments
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
- The last upward movement was characterized by a “surge” in retail buyers. This is a good reason to start thinking about short positions.
- MVP line is above the price and acts as a resistance level.
- We are focused on the breakdown of the previous bottom, the target at the level of 104.85.
