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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

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Trading suggestion:

There is possibility of temporary retracement to suggested Trend Hunter Buy Zone (121.60 to 120.80). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (121.60)
    • Support on 03/14/2017
    • Support on 03/15/2017
    • Support on 03/16/2017
    • Resistance on 04/25/2017
    • Resistance on 04/26/2017
    • Resistance on 04/27/2017
    • Resistance on 04/28/2017
    • Support on 01/03/2019
    • Support on 05/29/2019
    • Resistance on 06/03/2019
    • Support on 06/06/2019
  • Ending of entry zone (120.80)
    • Support on 03/17/2017
    • Resistance on 03/22/2017
    • Support on 04/28/2017
    • Support on 01/03/2019
    • Trough on 06/03/2019
    • Support on 06/03/2019

DateJune 15, 2019 - 21:26
Currentrange bound
Forecastbeginning of uptrend

Midterm forecast:

  • While the price is above the support 120.800, beginning of uptrend is expected.
  • We make sure when the resistance at 125.100 breaks.
  • If the support at 120.800 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • The RSI bounced from the support #1 at 22 and it prevented price from more losses.
  • The RSI downtrend #2 is broken, so the probability of beginning of uptrend is increased.
  • A peak is formed in daily chart at 123.10 on 06/11/2019, so more losses to support(s) 121.60 and minimum to Major Support (120.80) 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 38.

Take Profits:

  1. 122.50
  2. 123.10
  3. 123.70
  4. 124.35
  5. 125.10
  6. 125.95
  7. 126.65
  8. 129.10
  9. 130.15
  10. 133.10
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