EN

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

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-market-trend-1
Forecast Details
PairUSDJPY
Publication Time2/3/20 8:49 PM
Direction Sell
Status Closed (110.00)
Feb. 3, 2020
Feb. 10, 2020
Forecast
-130 p
110.00
Stop Loss
108.70
Entry
+120 p
107.50
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on USDJPY. As a result, we recommend considering only Short trades at this time.
  2. In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an downward movement.
  3. MVP line is above the price and acts as a resistance level.
  4. Stop loss should be taken out of the buyers cluster. If the price passes it, it will likely go on.
    index: 1x 0.049992084503174s
t_/pages/forecast: 1x 0.045700788497925s
t_/common/header-new: 1x 0.030816078186035s
t_/common/head: 1x 0.022754907608032s
t_/common/footer-new: 1x 0.0041069984436035s
router_page: 1x 0.0012919902801514s
router: 1x 0.0010631084442139s
t_/common/cookie-banner: 1x 0.00080084800720215s
t_/popups/on-download: 1x 0.00077486038208008s
service-routes: 1x 0.00037002563476562s
t_/blocks/sidebar-afil: 1x 0.0003669261932373s
router_redirection: 1x 0.00023698806762695s
t_/popups/zoom: 1x 2.5033950805664E-5s
----- END OF DUMP (2025-02-12 10:15:02)  -----