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

October 23, 2019 11:22:25 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (121.2)
11:20
11:20
Oct. 23, 2019

+100 p
121.50
Target 2
+70 p
121.20
Target 1
120.50
Entry
-70 p
119.80
Stop Loss
Chart & Analyst Comments
EURJPY - Upward trend will continue, Long trade by market price recommended
  1. According to the Current Ratios indicator, the market crowd inclined to believe in a downward movement. We recommend Long trade for today.
  2. The dynamics of the Ratios indicator signals for Long opportunities. Pay attention to the area marked on the image.
  3. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  4. The first target is at the level of the previous peak - 121.2, and the second one, in case of an active price increase, is at the level - 121.5