EURJPY - Upward trend will continue, Long trade by market price recommended
July 20, 2020 1:31:39 PM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (123)
+90 p
123.25
Target 2
+65 p
123.00
Target 1
122.35
Entry
-75 p
121.60
Stop Loss
About Author
Alexander Zorevyk
Expert
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Chart & Analyst Comments
- Majority of traders are still holding onto Shorts. This means we should continue to Buy EURJPY.
- The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 123, and the second one, in case of an active price increase, is at the level - 123.25
