- Majority of traders are still holding onto Longs. This means we should continue to Sell EURJPY.
- There is an increase in the number of bulls on the upward movement, followed by correction. We consider this movement as a trap for buyers and look forward for a continuation of the downtrend.
- The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. A decrease of EURJPY price is expected.
- The first target is at the level of the previous bottom - 132.8, and the second one, in case of an active price decrease, is at the level - 132.5
Chart & Analyst Comments
