We are still bullish on Euro/Japanese Yen(EUR/JPY).
Our Global Algorithmic Trading Software (GATS) System#6 indicates the following for Euro/Japanese Yen (EUR/JPY) as at February 9,2022:
The Long Term Trend (LTT) is currently Bullish
The Medium Term Trend (MTT) is currently Bullish
The Short Term Trend (STT) is currently Bullish
The Micro Trend (MT) is currently Bullish
We will attempt a Bullish trade based on the current bullish market structure as shown on the Global Algorithmic Trading Software (GATS) #6 with potential trade entry signal as follows:
Global Potential Trade Entry Signal #1 : 131.771
Global Maximum Catastrophe Hard Stop Loss :130.388
Global Maximum Catastrophe Trailing Stop: 130.388
Global Maximum Profit Target: 137.41
Current Price as at February 9, 2022: 131.92
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