EURJPY - Upward trend will continue, Long trade by market price recommended

December 18, 2020 7:40:11 AM by Alex Zarevich
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (126.35)
7:34
7:34
Dec. 18, 2020

+90 p
127.50
Target 2
+65 p
127.25
Target 1
126.60
Entry
-75 p
125.85
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  3. MVP line is below the price and acts as a support level.
  4. The first target is at the level of the previous peak - 127.25, and the second one, in case of an active price increase, is at the level - 127.5
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