EN

EURJPY - Downward trend will continue, Short trade by market price recommended

Alex Zarevich on FXSSI Alex Zarevich Expert
main-sell-market-trend-1
Forecast Details
PairEURJPY
Publication Time9/9/24 7:48 AM
Direction Sell
Status Closed (158.40)
7:48
7:48
Sep. 9, 2024
Forecast
-120 p
159.60
Stop Loss
158.40
Entry
+100 p
157.40
Target 1
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-sell-market-trend-1
  1. According to the most brokers’ data, more than half of the traders are currently in long positions on EURJPY. As a result, we recommend considering only Short trades at this time.
  2. MVP line is above the price and acts as a resistance level.
  3. We see an accumulation of loss buyers above the current price in the right Order Book. This cluster can act as a resistance.
    index: 1x 0.046174049377441s
t_/pages/forecast: 1x 0.041581153869629s
t_/common/header-new: 1x 0.029649019241333s
t_/common/head: 1x 0.024789810180664s
t_/common/footer-new: 1x 0.0026290416717529s
router_page: 1x 0.0023329257965088s
router: 1x 0.0012869834899902s
t_/popups/on-download: 1x 0.0005650520324707s
service-routes: 1x 0.00054693222045898s
t_/common/cookie-banner: 1x 0.00054001808166504s
router_redirection: 1x 0.00025010108947754s
t_/blocks/sidebar-afil: 1x 0.00021100044250488s
t_/popups/zoom: 1x 3.8862228393555E-5s
----- END OF DUMP (2024-10-15 16:44:10)  -----