- According to the most brokers’ data, more than half of the traders are currently in long positions on EURJPY. As a result, we recommend considering only Short trades at this time.
- We are seeing an increase in Buy positions by market crowd, who are replenishing an already large number of "locked up" losing Buy positions.
- The Delta of the Profit Ratio indicator exceeds the threshold value of 2%. A decrease of EURJPY price is expected.
- Price broke through the MVP line and rushed down. We consider this a sign for further EURJPY price decrease.
- The first target is at the level of the previous bottom - 127.4, and the second one, in case of an active price decrease, is at the level - 127.15
Chart & Analyst Comments
