EURJPY Weekly Forex Forecast 22rd September To 29th September
Midterm forecast:
130.90 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the downtrend #1 and it prevented price from more gains.
A trough is formed in daily chart at 127.85 on 09/10/2018, so more gains to resistance(s) 133.50, 137.50, 141.15 and more heights 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.
130.90 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:
The RSI bounced from the downtrend #1 and it prevented price from more gains.
A trough is formed in daily chart at 127.85 on 09/10/2018, so more gains to resistance(s) 133.50, 137.50, 141.15 and more heights 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.
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