- 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 decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- The present level of MVP, which is below the current price, favors Buy Orders.
- Stop loss should be taken out of the sellers cluster. If the price passes it, it will likely go on.
EURJPY - Upward trend will continue, Long trade by market price recommended
August 17, 2022 8:32:02 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (137.70)
+90 p
138.00
Target 1
137.10
Entry
-90 p
136.20
Stop Loss
Chart & Analyst Comments
