- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- There is an increase in the number of bears on the downward movement, followed by correction. We consider this movement as a trap for sellers and look forward for a continuation of the uptrend.
- When the price decreases, a signal is formed (orange labels), which implies an upward movement.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 131, and the second one, in case of an active price increase, is at the level - 131.25
EURJPY - Upward trend will continue, Long trade by market price recommended
January 18, 2022 10:38:43 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (129.60)
+95 p
131.25
Target 2
+70 p
131.00
Target 1
130.30
Entry
-70 p
129.60
Stop Loss
Chart & Analyst Comments
