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EURJPY - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairEURJPY
Publication Time10/1/24 7:23 AM
Direction Sell
Status Closed (159.00)
7:23
7:23
Oct. 1, 2024
Forecast
-105 p
161.10
Stop Loss
160.05
Entry
+105 p
159.00
Target 1
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Chart & Analyst Comments

main-sell-market-trend-1
  1. The ratio of buyers and sellers is close to parity, it's time to think about price turning down.
  2. Price broke through the MVP line and rushed down. We consider this a sign for further EURJPY price decrease.
  3. The risk-to-profit ratio allows us to set Take Profit for a Short trade at 159
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