USDJPY - Upward trend will continue, Long trade by market price recommended
July 30, 2019 12:13:29 PM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (108.71)
+70 p
109.20
Target 2
+50 p
109.00
Target 1
108.50
Entry
-50 p
108.00
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 16
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Chart & Analyst Comments
- The decrease in the volume of buyers, together with the increase in the volume of sellers, confirms the need to buy, according to our trading idea.
- We see a sharp increase in sell orders as indicated by a number of brokers, which may indicate an act of a major market player. Expected upward movement.
- We see a cluster of stop losses and stop orders right at the level of the previous peak. This is a good level for placing our take profit according to our forecast.