EURJPY - Upward trend will continue, Long trade by market price recommended
January 19, 2021 8:48:39 PM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (125.25)
+70 p
126.65
Target 1
125.95
Entry
-70 p
125.25
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- 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.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- MVP line is below the price and acts as a support level.
- We are focused on the breakdown of the previous peak, the target at the level of 126.65.
