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EURJPY Weekly Forex Forecast 20th October to 26th October by yshashmi37 on TradingView.com
Midterm forecast:
There is no trend in the market and the price is in a range bound, but we forecast beginning of downtrend.
Technical analysis:
The RSI support #1 at 47 is broken, so the probability of beginning of downtrend is increased.
A peak is formed in daily chart at 130.30 on 10/16/2018, so more losses to support(s) 128.50, 127.15, 125.80 and more depths 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 46.
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