USDJPY - Upward trend will continue, Long trade by market price recommended
January 16, 2020 7:21:21 PM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (110.1)
+40 p
110.50
Target 1
110.10
Entry
-34 p
109.75
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 3
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Chart & Analyst Comments
- Majority of traders are still holding onto Shorts. This means we should continue to Buy USDJPY.
- The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- MVP line is below the price and acts as a support level.
- We are focused on the breakdown of the previous peak, the target at the level of 110.5.
