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 0.039525032043457s
t_/pages/forecast: 1x 0.037774085998535s
t_/common/header-new: 1x 0.024276971817017s
t_/common/head: 1x 0.020017147064209s
t_/common/footer-new: 1x 0.0031900405883789s
router_page: 1x 0.00097298622131348s
t_/popups/on-download: 1x 0.00069904327392578s
router: 1x 0.00057601928710938s
t_/common/cookie-banner: 1x 0.00046515464782715s
service-routes: 1x 0.00026798248291016s
t_/blocks/sidebar-afil: 1x 0.00018501281738281s
router_redirection: 1x 0.00014805793762207s
t_/popups/zoom: 1x 2.0980834960938E-5s
----- END OF DUMP (2026-11-10 21:53:11)  -----