- 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.