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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trading suggestion:

  • By appearing primary signs of entering the market, new entry zone and short-term targets would be published.

DateSat, 08/17/2019 - 20:13
Currentrange bound
Forecastbeginning of uptrend
Last weekBearish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 121.35 would begin in Midterm.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A trough is formed in daily chart at 117.50 on 08/12/2019, so more gains to resistance(s) 118.45, 120.05, 120.80 and maximum to Major Resistance (121.35) is expected.
  • Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
  • Relative strength index (RSI) is 34.

Supports and Resistances:

  1. 141.15
  2. 137.50
  3. 133.10
  4. 129.10
  5. 126.65
  6. 125.10
  7. 123.70
  8. 123.10
  9. 122.30
  10. 120.80
  11. 118.45
  12. 114.85
  13. 111.25
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Japanese Yen (EURJPY) Sat, 22 Feb 2020
Euro / Japanese Yen (EURJPY) Sat, 15 Feb 2020
Euro / Japanese Yen (EURJPY) Sat, 8 Feb 2020
Euro / Japanese Yen (EURJPY) Sat, 1 Feb 2020
Euro / Japanese Yen (EURJPY) Sat, 25 Jan 2020