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

July 24, 2019 4:40:56 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (108.6)
16:39
16:39
Jul. 24, 2019

+50 p
108.60
Target 1
108.10
Entry
-44 p
107.65
Stop Loss
Chart & Analyst Comments
USDJPY - Upward trend will continue, Long trade by market price recommended
  1. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  2. We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an interest of a big market player. We are expecting an upward movement.
  3. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.