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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 Sell Zone (132.80 to 133.60). We wait during the retracement, until the price tests the zone, whether approaching, touching or entering the zone.

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

  • Beginning of entry zone (132.80)
    • Resistance on 05/23/2013
    • Resistance on 05/22/2013
    • Resistance on 05/14/2013
  • Ending of entry zone (133.60)
    • Resistance on 05/22/2013
    • Resistance on 01/14/2010

DateJuly 21, 2013 - 11:27
Currentrange bound
Forecastbeginning of downtrend
Last weekBullish

Midterm forecast:

  • There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.

Technical analysis:

  • A trough is formed in daily chart at 124.95 on 06/14/2013, so more gains maximum to Trend Hunter Sell Zone (132.80 to 133.60) is expected.
  • Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
  • Relative strength index (RSI) is 66.

Take Profits:

  1. 131.00
  2. 129.00
  3. 127.05
  4. 125.00
  5. 123.00
  6. 121.40
  7. 118.75
  8. 117.20
  9. 113.60
  10. 111.25
  11. 108.00
  12. 98.30
Click on the level to view price action history.

Symbol Released Current Forecast
Euro / Japanese Yen (EURJPY) new Sat, 8 May 2021
Euro / Japanese Yen (EURJPY) Sat, 1 May 2021
Euro / Japanese Yen (EURJPY) Sat, 24 Apr 2021
Euro / Japanese Yen (EURJPY) Sat, 17 Apr 2021
Euro / Japanese Yen (EURJPY) Sat, 10 Apr 2021