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USDJPY - Upward trend will continue, Long trade by market price recommended

January 20, 2020 8:16:58 PM by Patrick Yang
Forecast Details
PairUSDJPY
Direction Buy
StatusClosed (109.20)
Start
End
Jan. 20, 2020
Jan. 27, 2020
+95 p
111.10
Target 1
110.15
Entry
-95 p
109.20
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  4. Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
  5. The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
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