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USDJPY - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairUSDJPY
Publish Time11/21/19 8:34 AM
Direction Sell
Status Closed (108.55)
8:30
8:30
Nov. 21, 2019
Forecast
-55 p
109.10
Stop Loss
108.55
Entry
+55 p
108.00
Target 1
Related Links
How to use MT4/5 Indicators Tools

Chart & Analyst Comments

main-sell-market-trend-1

For today's forecast, we recommend a Sell Order at this recommended market price - 108.55. This idea is based on the following analysis:

  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
  2. The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.
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