EURJPY - Upward trend will continue, Long trade by market price recommended

November 7, 2019 7:27:33 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (120.3)
19:26
19:26
Nov. 7, 2019

+84 p
121.75
Target 2
+50 p
121.40
Target 1
120.90
Entry
-60 p
120.30
Stop Loss
Chart & Analyst Comments
EURJPY - Upward trend will continue, Long trade by market price recommended

A short-term Buy trade is recommended using a market order while sideways movement.

  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. When the price decreases, a signal is formed (orange labels), which implies an upward movement.
  3. The first target is at the level of the previous peak - 121.4, and the second one, in case of an active price increase, is at the level - 121.75