With the current conditions between Trump and Xi, and the likely escalation of the talks, the risk for USDJPY is mainly to the downside, meanwhile retails are currently 79% longs, but what's staggering is that they kept buying for the entire bearish move, they went from 15% longs on 1th August to 79% today, that means that many retails are trapped into longs.
With the fundamentals supporting the trade and retails trapped into longs and likely to increase their positions, we only suggest selling, on the chart above you can see the best selling zone (beware it may not reach it again) and the future outlook with targets.
With the fundamentals supporting the trade and retails trapped into longs and likely to increase their positions, we only suggest selling, on the chart above you can see the best selling zone (beware it may not reach it again) and the future outlook with targets.
Trade active
Comment:
First Target hitted 105.625.
Comment:
selling opportunity TARGET 105.625 , IF PRICE GÅ BELOW THAT LEVEL THEN SELL TO 105.001
Comment:
STRONG SELL ON USDJPY
Comment:
price ffalling again sell signal
Comment:
The pace of growth of the Japanese economy and key US indicators.
Comment:
TARGET 105.625 hitted
Comment:
Trade closed: target reached
