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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURJPY
Publish Time8/12/20 7:30 AM
Direction Buy
Status Closed (126.00)
7:27:00 AM UTC
7:27:00 AM UTC
Aug. 12, 2020
Forecast
+80 p
126.00
Target 1
125.20
Entry
-75 p
124.45
Stop Loss
Related Links
How to use MT4/5 Indicators Tools

Chart & Analyst Comments

main-buy-market-trend-1
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy EURJPY.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. We are focused on the breakdown of the previous peak, the target at the level of 126.
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