EURJPY - Upward trend will continue, Long trade by market price recommended
August 12, 2020 7:30:14 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (126)
+80 p
126.00
Target 1
125.20
Entry
-75 p
124.45
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 9
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Chart & Analyst Comments
- Majority of traders are still holding onto Shorts. This means we should continue to Buy EURJPY.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- We are focused on the breakdown of the previous peak, the target at the level of 126.
