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Weekly forecast Singapore Dollar / Japanese Yen technical chart
Symbol SGDJPY

Trading suggestion:

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

DateJanuary 15, 2022 - 21:09
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 81.900, resumption of uptrend is expected.
  • We make sure when the resistance at 85.750 breaks.
  • If the support at 81.900 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 85.63 on 01/05/2022, so more losses to support(s) 83.95, 83.05, 82.74 and minimum to Major Support (81.90) 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 52.

Supports and Resistances:

  1. 85.17
  2. 83.05
  3. 80.90
  4. 80.40
  5. 79.85
  6. 78.60
  7. 76.20
  8. 74.25
Click on the level to view price action history.