- 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.
- In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- The idea of this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
- The first target is at the level of the previous peak - 144.25, and the second one, in case of an active price increase, is at the level - 144.7
Chart & Analyst Comments
