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

December 10, 2019 6:40:55 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (120.92)
18:31
18:31
Dec. 10, 2019

+100 p
121.55
Target 2
+60 p
121.15
Target 1
120.55
Entry
-54 p
120.00
Stop Loss
Chart & Analyst Comments
EURJPY - Upward trend will continue, Long trade by market price recommended

A short-term Buy trade is recommended using a market order while sideways movement.

  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. The decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
  3. The first target is at the level of the previous peak - 121.15, and the second one, in case of an active price increase, is at the level - 121.55