- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
- The Profit Ratio reversal indicator doesn't react on upward movement. This means that the movement is not fake.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- We see an accumulation of loss sellers below the current price in the right Order Book. This cluster can act as a support.
- Set Take Profit at the local high, beyond which there is a cluster of orders.
USDJPY - Upward trend will continue, Long trade by market price recommended
March 16, 2022 3:28:59 PM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed
+65 p
119.00
Target 1
118.35
Entry
-65 p
117.70
Stop Loss
Chart & Analyst Comments
