EURJPY - Upward trend will continue, Long trade by market price recommended
July 29, 2021 7:11:51 AM
Forecast Details
PairEURJPY
Direction
Buy
StatusClosed (130.25)
+60 p
130.85
Target 1
130.25
Entry
-60 p
129.65
Stop Loss
About Author
Alexander Zorevyk
Expert
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Total votes: 4
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Chart & Analyst Comments
- Majority of traders are still holding onto Shorts. This means we should continue to Buy EURJPY.
- The activity of "fresh" bears while the upward movement may indicate that the market crowd still does not believe in a Bullish trend.
- The number of profitable buyers has exceeded 75%. The uptrend is in its active phase. This confirms potential for a Long trade.
- MVP line is below the price and acts as a support level.
- We are focused on the breakdown of the previous peak, the target at the level of 130.85.
