EurJpy Weekly Review

FX:EURJPY   Euro / Japanese Yen
45 0 2
Market has confirmed that it wanted to move lower to test the bottom of the channel.
Currently the RSI is holding below the support line, from here it go either way,
We are looking for the RSI to either move above the support line which would confirm upwards price move.

I do think that i will move higher, but that is just a prediction at this point, wait for the market to tell us what it wants to do, we shall see by early next week.

If the RSI does hold below the support then look for MAJOR downside movement, Price action wedge will be violated!

Both MACD's currently below the Zero line which shows BEARISH momentum, however secondary MACD looks like a crossover is imminent.

Thanks all. Good Luck and Good Trading

EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out