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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trading suggestion:

Price is in the Trend Hunter Sell Zone (134.40 to 136.65).

We would set sell orders based on Daily-Trading-Opportunities and expect to reach short-term targets.

  • Beginning of entry zone (134.40)
    • Support on 01/30/2018
    • Support on 01/29/2018
    • Resistance on 01/11/2018
    • Support on 01/09/2018
    • Resistance on 12/01/2017
    • Resistance on 10/26/2017
    • Resistance on 10/25/2017
    • Peak on 09/22/2017
    • Resistance on 09/22/2017
  • Ending of entry zone (136.65)
    • Resistance on 01/05/2018

DateFebruary 3, 2018 - 10:13
Currentrange bound
Forecastbeginning of downtrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast an uptrend wave above 134.400 would begin in Midterm.

Technical analysis:

  • A trough is formed in daily chart at 134.15 on 01/30/2018, so more gains maximum to Trend Hunter Sell Zone (134.40 to 136.65) 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 66.

Take Profits:

  1. 133.25
  2. 131.65
  3. 129.65
  4. 128.20
  5. 126.80
  6. 124.10
  7. 122.30
  8. 118.45
  9. 114.85
  10. 111.25
Click on the level to view price action history.

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