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Weekly forecast Euro vs. 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, 02/02/2019 - 17:40
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 125.55 would begin in Midterm.

Technical analysis:

  • The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
  • While the RSI resistance #2 at 54 is not broken, the probability of price increase would be too low.
  • A peak is formed in daily chart at 125.10 on 01/09/2019, so more losses to support(s) 122.30, 118.45, 114.85 and more depths 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 52.

Supports and Resistances:

  1. 149.15
  2. 145.70
  3. 141.15
  4. 137.50
  5. 134.40
  6. 133.10
  7. 131.10
  8. 130.15
  9. 129.10
  10. 127.50
  11. 126.65
  12. 125.55
  13. 122.30
  14. 118.45
  15. 114.85
  16. 111.25
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. Japanese Yen (EURJPY) new Sat, 18 Jan 2020
Euro vs. Japanese Yen (EURJPY) free Sat, 11 Jan 2020
Euro vs. Japanese Yen (EURJPY) Sat, 4 Jan 2020
Euro vs. Japanese Yen (EURJPY) Sat, 28 Dec 2019
Euro vs. Japanese Yen (EURJPY) Sun, 22 Dec 2019