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
