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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.
DateFebruary 16, 2019 - 21:05
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast a downtrend wave below 125.550 would begin in Midterm.

Technical analysis:

  • The RSI bounced from the resistance #1 at 54 and it prevented price from more gains.
  • A peak is formed in daily chart at 125.55 on 02/13/2019, so more losses to support(s) 122.30, 118.45, 114.85 and more depths 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 47.

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 / 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
Daily-Trading-Opportunities on EURJPY.