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EURJPY Weekly Forex Forecast 18th November to 24th November by yshashmi37 on TradingView.com
Midterm forecast:
While the price is above the support 124.60, beginning of uptrend is expected.
We make sure when the resistance at 133.10 breaks.
If the support at 124.60 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A peak is formed in daily chart at 130.15 on 11/07/2018, so more losses to support(s) 127.50, 126.65, 125.80 and minimum to Major Support (124.60) 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 48.
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