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
Related Links
Buy or Sell
More Pairs
Thanks for Voting!
Buy
Sell
Look like you are with the Crowd.
Fix it with Sentiment Strategy
Fix it with Sentiment Strategy
Congratulations! According to Sentiment Strategy you’ve made a right
decision.
You've already voted this pair. You can vote again later (when?) or try voting other
pair.
Total votes: 12
Buy or Sell
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
