- 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 decrease in the buyers volume, together with the increase in the sellers volume, confirms the need to Buy, according to our trading idea.
- Price broke through the MVP line and rushed up. We consider this a sign for further EURJPY price increase.
- The first target is at the level of the previous peak - 124.95, and the second one, in case of an active price increase, is at the level - 125.25
Chart & Analyst Comments
