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The market has stabilized, the first signs of an uptrend appeared

May 26, 2020 4:02:51 PM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (118.65)
15:53
15:53
May 26, 2020

+75 p
118.65
Target 2
+55 p
118.45
Target 1
117.90
Entry
-60 p
117.30
Stop Loss
Chart & Analyst Comments
main-buy-trend-2
  1. 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.
  2. There is an increase in Buy Orders when the price attempts to move up. We expect a downward movement to eliminate the accumulated buyers. We recommend to set Buy Limit at 117.9
  3. MVP line is below the price and acts as a support level.
  4. Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
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