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The market has stabilized, the first signs of a downtrend appeared

Patrick Yang on FXSSI Patrick Yang Expert
main-sell-trend-2
Forecast Details
PairUSDJPY
Publication Time7/22/19 5:12 PM
Direction Sell
Status Closed (108.80)
Jul. 22, 2019
Jul. 29, 2019
Forecast
-110 p
109.30
Stop Loss
108.20
Entry
+110 p
107.10
Target 1
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Chart & Analyst Comments

main-sell-trend-2
  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. The last downward movement has brought a volume of sellers, which implies a small price correction. Enter the deal with a Sell Limit order.
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