The market has stabilized, the first signs of an uptrend appeared
July 8, 2019 6:13:06 PM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (107.93)
+144 p
109.35
Target 1
107.90
Entry
-120 p
106.70
Stop Loss
About Author
Patrick Yang
Expert
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Total votes: 12
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Chart & Analyst Comments
- According to the position ratio indicator, the market crowd favors a downward movement. We recommend buying.
- There is an increase in buyers when price attempts to move up. We expect the price to roll back to eliminate the accumulated buyers. We recommend set Buy Limit orders at 107.9
- Stop loss is properly taken out of the sellers cluster. If the price passes it, it is very likely to go on.