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Trend Hunter performance since 2015 for this symbol

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Weekly forecast Euro vs. 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
    • Support on 06/14/2019
    • Support on 06/17/2019
  • 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

DateSat, 06/22/2019 - 20:49
Currentrange bound
Forecastbeginning of uptrend
Last weekBullish

Midterm forecast:

  • While the price is above the support 120.80, beginning of uptrend is expected.
  • We make sure when the resistance at 125.10 breaks.
  • If the support at 120.80 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:

  • A trough is formed in daily chart at 121.00 on 06/21/2019, so more gains to resistance(s) 122.50, 123.10, 123.70 and maximum to Major Resistance (125.10) 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.

Take Profits:

  1. 122.50
  2. 123.10
  3. 123.70
  4. 124.35
  5. 125.10
  6. 126.65
  7. 129.10
  8. 133.10
  9. 137.50
  10. 141.15
Click on the level to view price action history.

Symbol Released Current Forecast
Euro vs. Japanese Yen (EURJPY) new Sat, 7 Dec 2019
Euro vs. Japanese Yen (EURJPY) Sat, 30 Nov 2019
Euro vs. Japanese Yen (EURJPY) Sat, 23 Nov 2019
Euro vs. Japanese Yen (EURJPY) free Sat, 16 Nov 2019
Euro vs. Japanese Yen (EURJPY) Sat, 9 Nov 2019