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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY
Total Profit: 61 pip
Closed trade(s): 61 pip Profit
Open trade(s): 0 pip Profit

Trade Setup:
We opened 7 SELL trade(s) @ 126.61 (day close price) based on 'Shooting star' at 2021.01.11 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Closed Profit:
TP1 @ 126.00 touched at 2021.01.14 with 61 pip Profit.

6 other break-even trades closed at entry price, therefore no profit no loss.

Trading suggestion:

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

DateJanuary 30, 2021 - 21:46
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • While the price is below the resistance 127.500, beginning of downtrend is expected.
  • We make sure when the support at 121.600 breaks.
  • If the resistance at 127.500 is broken, the short-term forecast -beginning of downtrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 125.05 on 01/18/2021, so more gains maximum to Major Resistance (127.50) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 60.

Supports and Resistances:

  1. 137.50
  2. 133.10
  3. 129.10
  4. 126.00
  5. 124.40
  6. 122.85
  7. 121.60
  8. 119.30
  9. 114.45
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Japanese Yen (EURJPY) Sat, 23 Mar 2024
Euro / Japanese Yen (EURJPY) Sun, 17 Mar 2024
Euro / Japanese Yen (EURJPY) Sat, 9 Mar 2024
Euro / Japanese Yen (EURJPY) Sat, 2 Mar 2024
Euro / Japanese Yen (EURJPY) Sun, 25 Feb 2024