EN

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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURJPY
Publication Time8/9/23 12:56 PM
Direction Buy
Status Closed (158.15)
12:56
12:56
Aug. 9, 2023
Forecast
+70 p
158.15
Target 1
157.45
Entry
-70 p
156.75
Stop Loss
Related Links
How to use MT4/5 Indicators Tools
Recommended by FXSSI
XM Group
2009
Visit Website
Your capital is at risk. *T&Cs apply

Chart & Analyst Comments

main-buy-market-trend-1
  1. 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.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
  4. 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.
    index: 1x 0.027180194854736s
t_/pages/forecast: 1x 0.025611877441406s
t_/common/header-new: 1x 0.016443014144897s
t_/common/head: 1x 0.013644933700562s
t_/common/footer-new: 1x 0.0025911331176758s
router_page: 1x 0.00080990791320801s
router: 1x 0.0005040168762207s
t_/popups/on-download: 1x 0.00048184394836426s
t_/common/cookie-banner: 1x 0.00030303001403809s
service-routes: 1x 0.00020194053649902s
t_/blocks/sidebar-afil: 1x 0.00014400482177734s
router_redirection: 1x 0.00011205673217773s
t_/popups/zoom: 1x 1.4066696166992E-5s
----- END OF DUMP (2026-08-21 19:23:08)  -----