The market has stabilized, the first signs of a downtrend appeared
June 26, 2019 4:55:28 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (107.3)
-50 p
107.80
Stop Loss
107.30
Entry
+50 p
106.80
Target 1
About Author
Alexander Zorevyk
Expert
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Total votes: 12
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Chart & Analyst Comments
Visually, the price is near the upper band of the range movement. We assume that it will not be broken through and the price will move downwards. We recommend a sell order for at 107.3. See factors that support this assumption:
- The Current Ratios indicator, which is used to quickly assess market sentiment, currently signals sell.
- The activity of "fresh" buyers in an uptrend may indicate that the market is waiting for the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.