- 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.
- 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
- MVP line is below the price and acts as a support level.
- Here is the crucial stop loss level to serve as a goal for our Buy trade idea.
Chart & Analyst Comments
