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

February 23, 2022 9:27:13 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (129.90)
9:25
9:25
Feb. 23, 2022

+65 p
131.25
Target 1
130.60
Entry
-70 p
129.90
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator, which is used for quick market sentiment analysis, provides Buy signal at the moment.
  2. In this sideways movement, retail traders prefer to hold short trades. There seem to be a major player interest in an upward movement.
  3. Downward price movement is accompanied by reversal signals of Profit Ratio indicator.
  4. Price broke through the MVP line and rushed up. We consider this a sign for further EURJPY price increase.
  5. Set Take profit at the local price maximum.
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