- 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.
- There is an increase in Buy Orders when the price attempts to move up. We expect a downward movement to eliminate the accumulated buyers. We recommend to set Buy Limit at 152.9
- MVP line is below the price and acts as a support level.
- The risk-to-profit ratio allows us to set Take Profit for a Long trade at 153.35
Chart & Analyst Comments