EURJPY - Upward trend will continue, Long trade by market price recommended
December 18, 2020 7:40:11 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (126.35)
+90 p
127.50
Target 2
+65 p
127.25
Target 1
126.60
Entry
-75 p
125.85
Stop Loss
About Author
Alexander Zorevyk
Expert
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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.
- The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
- MVP line is below the price and acts as a support level.
- 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
