EURJPY - Upward trend will continue, Long trade by market price recommended
July 23, 2020 8:10:56 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (123.5)
+90 p
125.00
Target 2
+60 p
124.70
Target 1
124.10
Entry
-60 p
123.50
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: 10
Buy or Sell
Chart & Analyst Comments
For today's forecast, we recommend a Buy Order at this recommended market price - 124.1. This idea is based on the following analysis:
- 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.
- We are seeing an increase in Sell positions by market crowd, who are replenishing an already large number of "locked up" losing Sell positions.
- The first target is at the level of the previous peak - 124.7, and the second one, in case of an active price increase, is at the level - 125
