- The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
- The activity of "fresh" sellers in a downtrend may indicate that the market expects the recovery of the bear trend. However, according to our analysis, this movement is corrective and we expect the price to go up
- MVP line is below the price and acts as a support level.
- The first target is at the level of the previous peak - 133, and the second one, in case of an active price increase, is at the level - 133.35
EURJPY - Upward trend will continue, Long trade by market price recommended
October 25, 2021 6:06:59 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (132.40)
+95 p
133.35
Target 2
+60 p
133.00
Target 1
132.40
Entry
-60 p
131.80
Stop Loss
Chart & Analyst Comments
