- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- Market sentiment provides mixed data, but the key brokers signals for Buy order.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 115.6, and the second one, in case of an active price increase, is at the level - 115.8
USDJPY - Upward trend will continue, Long trade by market price recommended
November 24, 2021 12:47:45 PM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (115.35)
+75 p
115.80
Target 2
+55 p
115.60
Target 1
115.05
Entry
-60 p
114.45
Stop Loss
Chart & Analyst Comments
