EURJPY - Upward trend will continue, Long trade by market price recommended
May 12, 2021 2:45:31 PM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (132.65)
+85 p
132.90
Target 2
+60 p
132.65
Target 1
132.05
Entry
-60 p
131.45
Stop Loss
About Author
Alexander Zorevyk
Expert
Related Links
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Total votes: 3
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Chart & Analyst Comments
- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- The MVP indicator shows the uptrend. We take this into account as one of the important factors in today's forecast.
- The first target is at the level of the previous peak - 132.65, and the second one, in case of an active price increase, is at the level - 132.9
