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

September 14, 2022 9:48:28 AM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (143.25)
9:48
9:48
Sep. 14, 2022

+145 p
144.70
Target 2
+100 p
144.25
Target 1
143.25
Entry
-100 p
142.25
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. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  4. The idea of ​​this Buy forecast is based on a long-term upntrend, which is confirmed by the MVP indicator dynamics.
  5. 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
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