USDJPY - Downward trend will continue, Short trade by market price recommended
November 21, 2019 8:34:34 AM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (108.55)
-54 p
109.10
Stop Loss
108.55
Entry
+54 p
108.00
Target 1
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
For today's forecast, we recommend a Sell Order at this recommended market price - 108.55. This idea is based on the following analysis:
- The Current Ratio indicator, which is used for quick market sentiment analysis, provides Sell signal at the moment.
- The activity of "fresh" bulls while the downward movement may indicate that the market crowd still does not believe in a Bearish trend.