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

December 10, 2020 7:40:23 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (126.35)
7:36
7:36
Dec. 10, 2020

+85 p
127.20
Target 2
+65 p
127.00
Target 1
126.35
Entry
-65 p
125.70
Stop Loss
Chart & Analyst Comments
EURJPY - Upward trend will continue, Long trade by market price recommended
  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. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. MVP line is below the price and acts as a support level.
  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.