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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trade Setup
#EURJPY:
Total Loss: 2340 pip
Closed trade(s): 2340 pip Loss

Trade Setup:
We opened 9 BUY trade(s) @ 123.55 (day close price) based on 'Valley' at 2019.05.10 signaled by DTO:
https://www.ForecastCity.com/forecasts/Forex/daily-trading-opportunity/E...

Total Loss:
SL @ 120.95 touched at 2019.05.24 with 260 pip Loss.
Loss for one trade is 123.55(open price) - 120.95(close price) = 260 pip
Therefore total loss for trades is 260 x 9 = 2340 pip

Trading suggestion:

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

DateJune 1, 2019 - 21:20
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 122.100 would begin in Midterm.

Technical analysis:

  • While the RSI downtrend #1 is not broken, bearish wave in price would continue.
  • A peak is formed in daily chart at 123.70 on 05/21/2019, so more losses to support(s) 118.45, 114.85, 111.25 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 23.

Supports and Resistances:

  1. 133.10
  2. 130.15
  3. 129.10
  4. 126.65
  5. 125.95
  6. 125.10
  7. 124.35
  8. 123.80
  9. 118.45
  10. 114.85
  11. 111.25
Click on the level to view price action history.

Symbol Released Current Forecast
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