- 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.
- Price broke through the MVP line and rushed up. We consider this a sign for further USDJPY price increase.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The risk-to-profit ratio allows us to set Take Profit for a Long trade at 149.55
Chart & Analyst Comments
