EURJPY
There is a possibility for the beginning of an uptrend in EURJPYMidterm forecast:
While the price is above the support 115.850, beginning of uptrend is expected.
We make sure when the resistance at 120.800 breaks.
If the support at 115.850 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
There is a divergence in RSI and price between the trough at 117.665 on 2019-08-05 and the trough at 115.86 on 2019-09-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 120.00 on 09/13/2019, so more losses to support(s) 118.20 and minimum to Major Support (117.50) 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 45.
Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (117.50 to 115.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Beginning of entry zone (117.50)
Ending of entry zone (115.85)
Entry signal:
Signal to enter the market occurs when the price comes to " Buy zone " then forms one of the reversal patterns, whether " Bullish Engulfing ", " Hammer " or " Valley " in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about " Entry signal " and the special version of our " Price Action " strategy FOLLOW our lessons :
Take Profits:
TP1= @ 119.250
TP2= @ 120.800
TP3= @ 122.300
TP4= @ 123.700
TP5= @ 125.100
TP6= @ 126.650
TP7= @ 129.100
TP8= @ 133.100
TP9= Free
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=119.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.6.
TP4: R2=120.
Set the stoploss of these orders at breakout of S2=118.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=118.8.
In this situation, there is an expectation to reach the target S3=117.95.
Set the stoploss of reverse orders at breakout of S1=119.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY BREAKOUTEURJPY is going to breakout of a tightening range. Trade the breakout, whichever way it breaks.
Tp 1.2% on each side to breakout.
Don't forget to take partial profit and move Sl to Be after getting 1:1 R profit. Thats sound money managment.
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.25.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=119.15.
TP4: R2=119.55.
Set the stoploss of these orders at breakout of S2=118.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=118.
In this situation, there is an expectation to reach the target S3=117.1.
Set the stoploss of reverse orders at breakout of S1=118.25.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=118.7.
TP4: R2=119.15.
Set the stoploss of these orders at breakout of S2=117.8.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=117.8.
In this situation, there is an expectation to reach the target S3=116.95.
Set the stoploss of reverse orders at breakout of S1=118.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY EURJPY BUY SETUP
EURJPY BUY @ 118.15
SL @ 117.360
TP 1 @ 119.576 ( MOVE SL TO ENTRY OR CLOSE TRADE )
TP @ 120.729
Happy traading please Apply proper risk management
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=117.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=118.55.
TP4: R2=118.8.
Set the stoploss of these orders at breakout of S2=117.5.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=117.5.
In this situation, there is an expectation to reach the target S3=116.6.
Set the stoploss of reverse orders at breakout of S1=117.75.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=120.75.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=121.4.
TP4: R2=121.65.
Set the stoploss of these orders at breakout of S2=120.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=120.2.
In this situation, there is an expectation to reach the target S3=119.
Set the stoploss of reverse orders at breakout of S1=120.75.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Buy setupEURJPY it is forming a Descending channel pattern if it breaks above then will go for long position
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.4.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=123.
TP4: R2=123.3.
Set the stoploss of these orders at breakout of S2=122.2.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=122.2.
In this situation, there is an expectation to reach the target S3=121.35.
Set the stoploss of reverse orders at breakout of S1=122.4.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY 1H shows bullish momentumEURJPY in 1H chart shows that there is an ascending trend line and Stochastic shows gold cross. Bullish momentum.
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=122.45.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=123.1.
TP4: R2=123.6.
Set the stoploss of these orders at breakout of S2=122.1.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=122.1.
In this situation, there is an expectation to reach the target S3=121.1.
Set the stoploss of reverse orders at breakout of S1=122.45.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY SHORT!!!trend: bearish
bears are going to charge
T1 is a possibility for bulls to enter though, but bears still can be stronger
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=125.85.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=126.3.
TP4: R2=126.5.
Set the stoploss of these orders at breakout of S2=125.65.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=125.65.
In this situation, there is an expectation to reach the target S3=124.8.
Set the stoploss of reverse orders at breakout of S1=125.85.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Don't miss the great buy opportunity in EURJPYTrading suggestion:
. There is a possibility of temporary retracement to suggested support line (125.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.
Technical analysis:
. EURJPY is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 51.
Take Profits:
TP1= @ 126.34
TP2= @ 126.75
TP3= @ 127.50
SL= @ 125.65
EURJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=124.1.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: R1=125.
TP4: R2=125.25.
Set the stoploss of these orders at breakout of S2=123.9.
Stop and reverse:
If trend gets reversed, sell (stop) orders will be opened at breakout of S2=123.9.
In this situation, there is an expectation to reach the target S3=122.85.
Set the stoploss of reverse orders at breakout of S1=124.1.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
EURJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=129.
But the short term forecast is range bound, so we expect to reach the following targets:
TP3: S1=128.3.
TP4: S2=127.85.
Set the stoploss of these orders at breakout of R2=129.15.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of R2=129.15.
In this situation, there is an expectation to reach the target R3=130.
Set the stoploss of reverse orders at breakout of R1=129.
If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
