Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

USDJPY - Downward trend will continue, Short trade by market price recommended

May 30, 2019 5:10:49 PM by Alexander Zorevyk
Forecast Details
PairUSDJPY
Direction Sell
StatusClosed (109.20)
17:09
17:09
May 30, 2019

-35 p
109.95
Stop Loss
109.60
Entry
+40 p
109.20
Target 1
+70 p
108.90
Target 2
Chart & Analyst Comments
main-sell-market-trend-1
  1. Majority of traders are still holding onto Longs. This means we should continue to Sell USDJPY.
  2. When the price rises, a signal is formed (orange labels), which implies a downwards movement.
  3. The activity of "fresh" buyers in an uptrend may indicate that the market expects the recovery of the bull trend. However, according to our analysis, this movement is corrective and we expect the price to go down.
  4. In the left orderbook, we see a cluster of stop losses and stop orders right at the level of the previous bottom. This is a good level for placing take profit according to our forecast.
    index: 1x 0.033885955810547s
t_/pages/forecast: 1x 0.031342029571533s
t_/common/header-new: 1x 0.018687009811401s
t_/common/head: 1x 0.015876054763794s
t_/common/footer-new: 1x 0.0025148391723633s
router_page: 1x 0.0013129711151123s
router: 1x 0.00069499015808105s
t_/popups/on-download: 1x 0.00047492980957031s
service-routes: 1x 0.00030398368835449s
router_redirection: 1x 0.00017690658569336s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2022-07-05 18:31:07)  -----