EURJPY - Upward trend will continue, Long trade by market price recommended
October 6, 2020 11:24:46 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (124.75)
+70 p
125.15
Target 1
124.45
Entry
-60 p
123.85
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
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Total votes: 4
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Chart & Analyst Comments
- According to the most brokers’ data, more than half of the traders are currently in short positions on EURJPY. As a result, we recommend considering only Long trades at this time.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- MVP line is below the price and acts as a support level.
- The price increase will be accompanied by the trigger of market crowd’s stop losses, which in turn will serve as a "fuel" for the upward movement.
