Weekly EURJPY Technical Analysis and Forecast - Forex

You are not logged in, you need subscription to view up-to-date forecasts, please Login if you have already subscribed, otherwise please Subscribe
You can still continue browsing delayed forecasts on the sidebar list.

Weekly forecast Euro / Japanese Yen technical chart

Symbol

EURJPY

Download MT4 template file

Trade Setup

#EURJPY
Total Profit: -462 pip
Closed trade(s): 0 pip Profit
Open trade(s): -462 pip Profit

Trade Setup:
We opened 11 BUY trade(s) @ 116.29 (day close price) based on 'Valley' at 2020.05.11 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Open Profit:
Profit for one trade is 115.87(current price) - 116.29(open price) = -42 pip
11 trade(s) still open, therefore total profit for open trade(s) is -42 x 11 = -462 pip

Trading suggestion:

We have already opened Buy trades, based on Trend Hunter Strategy, trade setup is drawn on the chart and shows entry and targets.

Date May 16, 2020 - 20:32

Current range bound

Forecast beginning of uptrend

Midterm forecast:

While the price is above the support 114.450, beginning of uptrend is expected.
We make sure when the resistance at 122.850 breaks.
If the support at 114.450 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

While the RSI downtrend #1 is not broken, bearish wave in price would continue.
A trough is formed in daily chart at 114.45 on 05/06/2020, so more gains to resistance(s) 117.10, 117.75, 118.55 and maximum to Major Resistance (122.85) 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 45.

Take Profits:

117.10
- Resistance on 04/22/2020
- Support on 04/15/2020
- Support on 04/06/2020
- Support on 04/03/2020
- Support on 04/02/2020
- Support on 04/01/2020
- Support on 03/18/2020
- Support on 03/17/2020
- Support on 03/16/2020
- Support on 03/10/2020
- Support on 03/09/2020
- Support on 10/08/2019
- Support on 10/07/2019
- Support on 10/04/2019
- Support on 10/03/2019
- Support on 08/28/2019
- Resistance on 11/17/2016
- Resistance on 11/16/2016
- Resistance on 11/15/2016
- Resistance on 07/27/2016
- Resistance on 07/25/2016
- Resistance on 07/22/2016
- Resistance on 07/15/2016
- Support on 01/23/2013
- Support on 01/22/2013
- Support on 01/17/2013
- Support on 01/16/2013
117.75
- Resistance on 05/01/2020
- Resistance on 04/30/2020
- Resistance on 04/15/2020
- Support on 04/07/2020
- Support on 03/23/2020
- Support on 03/20/2020
- Support on 03/19/2020
- Support on 03/18/2020
- Support on 03/17/2020
- Support on 03/16/2020
- Resistance on 03/12/2020
- Support on 10/10/2019
- Resistance on 10/08/2019
- Resistance on 10/07/2019
- Resistance on 10/02/2019
- Support on 09/30/2019
- Support on 09/25/2019
- Support on 09/23/2019
- Support on 09/12/2019
- Support on 09/09/2019
- Support on 08/22/2019
- Support on 08/20/2019
- Support on 08/16/2019
- Support on 08/15/2019
- Support on 08/14/2019
- Support on 08/13/2019
- Support on 08/12/2019
- Support on 08/05/2019
- Support on 01/03/2019
- Resistance on 04/20/2017
- Support on 04/06/2017
- Support on 04/04/2017
- Support on 11/23/2016
- Resistance on 11/21/2016
- Resistance on 07/21/2016
- Resistance on 07/20/2016
- Resistance on 07/19/2016
- Resistance on 07/18/2016
- Resistance on 07/15/2016
- Resistance on 07/14/2016
- Support on 06/23/2016
- Resistance on 06/21/2016
- Resistance on 06/17/2016
118.55
- Resistance on 04/09/2020
- Resistance on 04/08/2020
- Resistance on 04/07/2020
- Support on 03/31/2020
- Resistance on 03/19/2020
- Resistance on 03/18/2020
- Resistance on 03/17/2020
- Resistance on 03/09/2020
- Support on 03/02/2020
- Support on 02/28/2020
- Support on 02/19/2020
- Support on 02/18/2020
- Support on 09/12/2019
- Resistance on 09/09/2019
- Resistance on 09/05/2019
- Resistance on 08/19/2019
- Support on 08/08/2019
- Support on 08/07/2019
- Support on 08/06/2019
- Support on 01/03/2019
- Support on 03/31/2017
- Support on 02/28/2017
- Support on 02/22/2017
- Support on 12/05/2016
- Support on 11/29/2016
- Support on 11/24/2016
- Resistance on 07/21/2016
- Resistance on 07/15/2016
- Support on 06/14/2016
120.00
- Resistance on 03/30/2020
- Support on 03/27/2020
- Support on 03/26/2020
- Support on 03/25/2020
- Resistance on 03/23/2020
- Resistance on 03/16/2020
- Resistance on 03/13/2020
- Resistance on 03/05/2020
- Support on 02/27/2020
- Support on 02/24/2020
- Support on 02/20/2020
- Support on 02/04/2020
- Support on 02/03/2020
- Support on 01/31/2020
- Support on 01/30/2020
- Support on 01/29/2020
- Support on 12/09/2019
- Support on 12/06/2019
- Support on 11/27/2019
- Resistance on 11/25/2019
- Resistance on 11/13/2019
- Support on 11/11/2019
- Resistance on 10/11/2019
- Resistance on 09/13/2019
- Peak on 09/13/2019
- Support on 07/25/2019
- Support on 01/03/2019
- Support on 03/28/2017
- Support on 03/27/2017
- Support on 03/22/2017
- Support on 03/08/2017
- Support on 03/03/2017
- Resistance on 03/01/2017
- Support on 02/07/2017
- Support on 02/06/2017
- Support on 12/05/2016
- Resistance on 11/29/2016
- Resistance on 11/25/2016
- Resistance on 06/14/2016
- Support on 06/10/2016
- Support on 03/28/2013
- Support on 03/27/2013
- Support on 03/25/2013
- Support on 02/27/2013
- Resistance on 01/22/2013
- Resistance on 01/21/2013
- Resistance on 01/15/2013
- Resistance on 01/14/2013
121.15
- Resistance on 03/26/2020
- Resistance on 03/25/2020
- Peak on 03/25/2020
- Resistance on 02/24/2020
- Resistance on 02/21/2020
- Resistance on 02/20/2020
- Resistance on 02/05/2020
- Resistance on 01/24/2020
- Support on 01/09/2020
- Support on 01/02/2020
- Support on 12/26/2019
- Support on 12/24/2019
- Support on 12/20/2019
- Resistance on 11/07/2019
- Resistance on 11/05/2019
- Resistance on 11/04/2019
- Resistance on 10/24/2019
- Resistance on 10/22/2019
- Resistance on 10/21/2019
- Resistance on 10/17/2019
- Resistance on 07/31/2019
- Resistance on 07/26/2019
- Resistance on 07/25/2019
- Resistance on 07/23/2019
- Support on 07/16/2019
- Support on 06/19/2019
- Support on 06/18/2019
- Support on 06/06/2019
- Support on 01/03/2019
- Resistance on 04/27/2017
- Support on 03/16/2017
- Support on 03/15/2017
- Resistance on 03/08/2017
- Resistance on 03/06/2017
- Resistance on 02/17/2017
- Resistance on 02/16/2017
- Resistance on 02/15/2017
- Resistance on 02/13/2017
- Resistance on 02/10/2017
- Support on 02/03/2017
- Support on 02/02/2017
- Support on 01/31/2017
- Support on 01/24/2017
- Support on 01/23/2017
- Resistance on 01/17/2017
- Support on 01/12/2017
- Support on 01/11/2017
- Resistance on 06/24/2016
- Support on 06/09/2016
122.85
- Resistance on 01/17/2020
- Resistance on 01/16/2020
- Peak on 01/16/2020
- Resistance on 07/01/2019
- Resistance on 06/28/2019
- Resistance on 06/27/2019
- Resistance on 06/10/2019
- Support on 05/21/2019
- Support on 05/09/2019
- Support on 06/15/2017
- Support on 06/14/2017
- Support on 06/12/2017
- Support on 06/09/2017
- Support on 06/07/2017
- Support on 06/06/2017
- Support on 05/18/2017
- Resistance on 05/03/2017
126.65
- Resistance on 04/18/2019
- Resistance on 04/17/2019
- Resistance on 04/16/2019
- Resistance on 04/15/2019
- Resistance on 04/12/2019
- Resistance on 03/21/2019
- Resistance on 03/20/2019
- Resistance on 03/19/2019
- Resistance on 03/18/2019
- Resistance on 03/15/2019
- Resistance on 03/14/2019
- Support on 03/04/2019
- Resistance on 02/28/2019
- Support on 10/26/2018
- Trough on 10/26/2018
- Resistance on 08/17/2018
- Resistance on 08/14/2018
- Resistance on 08/13/2018
- Support on 06/19/2018
- Support on 05/31/2018
- Support on 04/04/2016
- Resistance on 03/17/2016
- Resistance on 03/16/2016
- Resistance on 03/15/2016
- Resistance on 03/10/2016
- Support on 02/17/2016
- Support on 02/16/2016
- Support on 02/12/2016
- Support on 02/11/2016
- Support on 01/21/2016
- Support on 01/20/2016
- Support on 01/07/2016
- Support on 04/16/2015
- Support on 04/15/2015
- Support on 04/14/2015
- Support on 04/13/2015
- Support on 06/26/2013
- Support on 06/13/2013
- Support on 06/07/2013
- Support on 04/17/2013
- Resistance on 02/13/2013
- Resistance on 02/12/2013
- Resistance on 02/11/2013
- Resistance on 02/07/2013
- Resistance on 02/04/2013
- Resistance on 02/01/2013
129.10
- Resistance on 12/14/2018
- Resistance on 12/13/2018
- Resistance on 12/04/2018
- Resistance on 12/03/2018
- Resistance on 11/22/2018
- Resistance on 11/21/2018
- Resistance on 11/20/2018
- Resistance on 11/19/2018
- Resistance on 11/15/2018
- Resistance on 11/14/2018
- Resistance on 11/12/2018
- Resistance on 11/02/2018
- Resistance on 10/24/2018
- Support on 10/22/2018
- Support on 10/17/2018
- Support on 10/15/2018
- Support on 10/11/2018
- Resistance on 09/10/2018
- Resistance on 08/09/2018
- Support on 07/27/2018
- Resistance on 07/03/2018
- Resistance on 07/02/2018
- Support on 03/23/2018
- Support on 08/25/2017
- Resistance on 08/23/2017
- Resistance on 08/22/2017
- Resistance on 08/14/2017
- Resistance on 08/11/2017
- Support on 08/09/2017
- Support on 07/24/2017
- Support on 07/18/2017
- Support on 07/13/2017
- Support on 07/12/2017
- Support on 07/07/2017
- Resistance on 07/05/2017
133.10
- Resistance on 09/26/2018
- Resistance on 09/25/2018
- Resistance on 09/24/2018
- Resistance on 09/21/2018
- Peak on 09/21/2018
- Resistance on 04/26/2018
- Resistance on 04/25/2018
- Resistance on 04/24/2018
- Resistance on 04/19/2018
- Peak on 04/19/2018
137.50
- Resistance on 02/02/2018
- Peak on 02/02/2018

Click on the level to view price action history.

Symbol	Released	Current	Forecast
Euro / Japanese Yen (EURJPY)	Sun, 14 Apr 2024
Euro / Japanese Yen (EURJPY)	Sat, 6 Apr 2024
Euro / Japanese Yen (EURJPY)	Sat, 30 Mar 2024
Euro / Japanese Yen (EURJPY)	Sat, 23 Mar 2024
Euro / Japanese Yen (EURJPY)	Sun, 17 Mar 2024

History

Languages

website utilities

About Us

ForecastCity News

More than 21,000 subscribers from 206 countries

Links

Forex
AUDSGD
CHFSGD^free
EURSGD
GBPSGD^free
NZDSGD
SGDJPY
USDSGD
USDTRY^free

1,978	1,582	1,442	1,407
1,155	622	595	556
496	470	456	454
415	408	379	293
274	267	263	258
240	217	206	198
197	186	175	173
168	154	140	138
132	125	123	123
120	119	110	101