The market has stabilized, the first signs of a downtrend appeared
July 22, 2019 5:12:08 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (108.8)
-109 p
109.30
Stop Loss
108.20
Entry
+110 p
107.10
Target 1
About Author
Patrick Yang
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Total votes: 14
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Chart & Analyst Comments
- 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 going only short at this time.
- In this sideways movement, buying prevails in the market crowd. There seem to be a major player interest in a downward movement.
- The last downward movement has brought a volume of sellers, which implies a small price correction. Enter the deal with a Sell Limit order.