EURJPY - Upward trend will continue, Long trade by market price recommended
July 14, 2020 6:35:19 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (122.1)
+90 p
122.45
Target 2
+54 p
122.10
Target 1
121.55
Entry
-64 p
120.90
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 12
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Chart & Analyst Comments
- 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.
- 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.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
- The SLC indicator displays the levels where there are Stop Losses acting as targets for our trading idea.
