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

Alex Zarevich on FXSSI Alex Zarevich Expert
main-buy-market-trend-1
Forecast Details
PairEURJPY
Publication Time7/28/20 6:01 AM
Direction Buy
Status Closed (123.15)
5:58
5:58
Jul. 28, 2020
Forecast
+95 p
124.75
Target 2
+60 p
124.40
Target 1
123.80
Entry
-65 p
123.15
Stop Loss
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Chart & Analyst Comments

main-buy-market-trend-1
  1. Analyzing the market sentiment with Current Ratio indicator, we see a formed signal that confirms our idea of Buy Order.
  2. The last downward movement was characterized by a “surge” in retail sellers. This is a good reason to start thinking about long positions.
  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 - 124.4, and the second one, in case of an active price increase, is at the level - 124.75
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