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

June 27, 2022 7:54:39 AM by Alexander Zorevyk
Forecast Details
PairEURJPY
Direction Buy
StatusClosed (142.60)
7:54
7:54
Jun. 27, 2022
+80 p
143.40
Target 1
142.60
Entry
-70 p
141.90
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. The increase in sellers is observed both in the upward movement and in the retracement movements. Retail traders still believe in the possibility of price decrease.
  3. MVP line is below the price and acts as a support level.
  4. We see two clusters of stop losses above the price on which we set our first and second targets according to our forecast.
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