Help Ukraine! Today, Ukraine Is Fighting for Freedom and the Future of Democracy in Europe. Help Ukraine! Donate Verified Charity

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

January 19, 2021 8:48:39 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (125.25)
20:39
20:39
Jan. 19, 2021

+70 p
126.65
Target 1
125.95
Entry
-70 p
125.25
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. 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.
  2. The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
  3. MVP line is below the price and acts as a support level.
  4. We are focused on the breakdown of the previous peak, the target at the level of 126.65.
    index: 1x 0.034884929656982s
t_/pages/forecast: 1x 0.031463861465454s
t_/common/header-new: 1x 0.020658016204834s
t_/common/head: 1x 0.016927003860474s
t_/common/footer-new: 1x 0.0025019645690918s
router_page: 1x 0.0015420913696289s
router: 1x 0.00070810317993164s
t_/popups/on-download: 1x 0.00048494338989258s
service-routes: 1x 0.00029492378234863s
router_redirection: 1x 0.00014090538024902s
t_/popups/zoom: 1x 1.5020370483398E-5s
----- END OF DUMP (2022-07-05 19:54:07)  -----