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Weekly forecast Euro / Japanese Yen technical chart
Symbol EURJPY

Trading suggestion:

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

DateJune 25, 2022 - 19:21
Currentrange bound
Forecastresumption of uptrend

Midterm forecast:

  • While the price is above the support 133.145, resumption of uptrend is expected.
  • We make sure when the resistance at 149.700 breaks.
  • If the support at 133.145 is broken, the short-term forecast -resumption of uptrend- will be invalid.

Technical analysis:

  • A peak is formed in daily chart at 144.244 on 06/22/2022, so more losses to support(s) 141.000, 139.990, 138.110 and minimum to Major Support (133.145) 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 59.

Supports and Resistances:

  1. 139.990
  2. 138.110
  3. 134.880
  4. 131.629
  5. 127.474
  6. 124.493
Click on the level to view price action history.

Symbol Released Current Forecast
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