EN

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 Time5/27/19 4:52 PM
Direction Sell
Status Closed (108.75)
May 27, 2019
Jun. 3, 2019
Forecast
-85 p
110.60
Stop Loss
109.75
Entry
+100 p
108.75
Target 1
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-sell-trend-2

We are expecting downward trend to continue for USDJPY currency pair. Short trades only. See below for the summary of analysis:

  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. MVP line is above the price and acts as a resistance level.
  3. The Profit Ratio reversal indicator doesn't react on downward movement. This means that the movement is not fake.
  4. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
    index: 1x 0.051584005355835s
t_/pages/forecast: 1x 0.04791522026062s
t_/common/header-new: 1x 0.034569978713989s
t_/common/head: 1x 0.028788089752197s
t_/common/footer-new: 1x 0.0028610229492188s
router_page: 1x 0.0016849040985107s
router: 1x 0.0011119842529297s
t_/popups/on-download: 1x 0.00081110000610352s
t_/common/cookie-banner: 1x 0.00065517425537109s
service-routes: 1x 0.00041985511779785s
router_redirection: 1x 0.00020098686218262s
t_/blocks/sidebar-afil: 1x 0.00014996528625488s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2024-12-22 01:24:12)  -----