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

July 20, 2020 1:31:39 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (123.00)
13:30
13:30
Jul. 20, 2020

+90 p
123.25
Target 2
+65 p
123.00
Target 1
122.35
Entry
-75 p
121.60
Stop Loss
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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