The market has stabilized, the first signs of an uptrend appeared
July 8, 2019 6:13:06 PM
Forecast Details
PairUSDJPY
Direction
Buy
StatusClosed (107.9)
+144 p
109.35
Target 1
107.90
Entry
-120 p
106.70
Stop Loss
About Author
Patrick Yang
Expert
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Chart & Analyst Comments
- According to the Current Ratio indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
- There is an increase in Buy Orders when the price attempts to move up. We expect a downward movement to eliminate the accumulated buyers. We recommend to set Buy Limit at 107.9
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.