- 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.
- In this sideways movement, retail traders prefer to hold long trades. There seem to be a major player interest in an 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.
The market has stabilized, the first signs of a downtrend appeared
July 22, 2019 5:12:08 PM
Forecast Details
PairUSDJPY
Direction
Sell
StatusClosed (108.80)
-110 p
109.30
Stop Loss
108.20
Entry
+110 p
107.10
Target 1
Chart & Analyst Comments
