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

October 25, 2021 6:06:59 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (132.40)
6:04
6:04
Oct. 25, 2021

+95 p
133.35
Target 2
+60 p
133.00
Target 1
132.40
Entry
-60 p
131.80
Stop Loss
Chart & Analyst Comments
main-buy-market-trend-1
  1. The Current Ratio indicator have reached a critical value, too many traders expect a downward movement. In this case, we recommend to Buy only.
  2. 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
  3. MVP line is below the price and acts as a support level.
  4. 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
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