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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairUSDJPY
Publication Time6/17/24 10:21 AM
Direction Buy
Status Closed (158.15)
10:21
10:21
Jun. 17, 2024
Forecast
+85 p
158.45
Target 1
157.60
Entry
-85 p
156.75
Stop Loss
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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. MVP line is below the price and acts as a support level.
  3. Set Take Profit at the local high, beyond which there is a cluster of orders.
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