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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 Time4/18/24 10:40 AM
Direction Buy
Status Closed (153.90)
10:40
10:40
Apr. 18, 2024
Forecast
+50 p
155.00
Target 1
154.50
Entry
-60 p
153.90
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. Set Take Profit at the local high, beyond which there is a cluster of orders.
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