- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- MVP line is below the price and acts as a support level.
- We are focused on the breakdown of the previous peak, the target at the level of 132.5.
The market has stabilized, the first signs of an uptrend appeared
February 7, 2022 1:09:45 PM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed
+60 p
132.50
Target 1
131.90
Entry
-55 p
131.35
Stop Loss
Chart & Analyst Comments
