EURJPY - Upward trend will continue, Long trade by market price recommended
March 9, 2021 10:32:37 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (129.4)
+85 p
130.25
Target 2
+60 p
130.00
Target 1
129.40
Entry
-60 p
128.80
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 11
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Chart & Analyst Comments
- 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.
- The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 130, and the second one, in case of an active price increase, is at the level - 130.25
