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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURJPY
Publication Time7/20/20 1:31 PM
Direction Buy
Status Closed (123.00)
13:30
13:30
Jul. 20, 2020
Forecast
+90 p
123.25
Target 2
+65 p
123.00
Target 1
122.35
Entry
-75 p
121.60
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. Majority of traders are still holding onto Shorts. This means we should continue to Buy EURJPY.
  2. 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.
  3. MVP line is below the price and acts as a support level.
  4. 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
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