EUR/JPY – Currency exchange rate forecast 23.08.2019: below its lower Bollinger band

EUR/JPY - Currency exchange rate forecast 23.08.2019: below its lower Bollinger band

Alternative scenario: the upside breakout of 118.24 would call for 118.62 and 118.85.

Our pivot point stands at 118.24.

Our preference: the downside prevails as long as 118.24 is resistance.

Alternative scenario: above 118.24, look for 118.62 and 118.85.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 118.00 and 117.98). Finally, the EUR/JPY is trading below its lower Bollinger band (standing at 117.90).

Supports and resistances:

118.85 **

118.62 *

118.24 **

118.09

117.90 last

117.44

117.22 **

116.99 *

116.76 **

EUR/JPY – Currency exchange rate forecast 22.08.2019: our next up target stands at 118.84

EUR/JPY - Currency exchange rate forecast 22.08.2019: our next up target stands at 118.84

Alternative scenario: the downside breakout of 117.76 would call for 117.38 and 117.15.

Our pivot point stands at 117.76.

Our preference: our next up target stands at 118.84.

Alternative scenario: the downside breakout of 117.76 would call for 117.38 and 117.15.

Comment: the RSI is above 50. The MACD is above its signal line and negative. The MACD must break above its zero level to trigger further gains. Moreover, the pair is above its 20 and 50 MAs (respectively at 117.99 and 118.09).

Supports and resistances:

119.30 **

119.07 *

118.84 **

118.62

118.14 last

117.91

117.76 **

117.38 *

117.15 **

EUR/JPY – Currency exchange rate forecast 21.08.2019: as long as 117.86 is support look for 118.91

EUR/JPY - Currency exchange rate forecast 21.08.2019: as long as 117.86 is support look for 118.91

The MACD is below its signal line and positive.

Our pivot point is at 117.86.

Our preference: as long as 117.86 is support look for 118.91.

Alternative scenario: the downside breakout of 117.86 would call for 117.48 and 117.25.

Comment: the RSI is above its neutrality area at 50. The MACD is below its signal line and positive. The pair could retrace. Moreover, the pair is below its 20 MA (118.19) but above its 50 MA (118.05).

Supports and resistances:

119.36 **

119.13 *

118.91 **

118.68

118.17 last

118.01

117.86 **

117.48 *

117.25 **

EUR/JPY – Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 118.14 is resistance

EUR/JPY - Currency exchange rate forecast 20.08.2019 : the downside prevails as long as 118.14 is resistance

The configuration is negative.

Our pivot point stands at 118.14.

Our preference: the downside prevails as long as 118.14 is resistance.

Alternative scenario: the upside breakout of 118.14, would call for 118.52 and 118.75.

Comment: the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 117.98 and 118.11).

Supports and resistances:

118.75 **

118.52 *

118.14 **

117.99

117.83 last

117.36

117.14 **

116.91 *

116.68 **

EUR/JPY Currency exchange rate forecast 19.08.2019: target 117.48

EUR/JPY Currency exchange rate forecast 19.08.2019: target 117.48

The MACD is positive and below its signal line.

Our pivot point stands at 118.49.

Our preference: target 117.48.

Alternative scenario: the upside breakout of 118.49, would call for 118.88 and 119.10.

Comment: the RSI is below 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair is below its 20 MA (118.25) but above its 50 MA (118.09).

Supports and resistances:

119.10 **

118.88 *

118.49 **

118.34

118.16 last

117.70

117.48 **

117.25 *

117.02 **

EUR/JPY Currency exchange rate forecast 16.08.2019: rebound

EUR/JPY Currency exchange rate forecast 16.08.2019: rebound

The MACD is negative and above its signal line.

Our pivot point stands at 117.59.

Our preference: rebound.

Alternative scenario: the downside breakout of 117.59 would call for 117.21 and 116.98.

Comment: the RSI is above its neutrality area at 50. The MACD is negative and above its signal line. The MACD must break above its zero level to trigger further gains. Moreover, the pair is trading above its 20 MA (117.86) but under its 50 MA (118.00).

Supports and resistances:

119.08 **

118.85 *

118.62 **

118.40

117.91 last

117.74

117.59 **

117.21 *

116.98 **

EUR/JPY Currency exchange rate forecast 14.08.2019: the downside prevails as long as 118.80 is resistance

EUR/JPY Currency exchange rate forecast 14.08.2019: the downside prevails as long as 118.80 is resistance

The MACD is negative and below its signal line.

Our pivot point stands at 118.80.

Our preference: the downside prevails as long as 118.80 is resistance.

Alternative scenario: the upside breakout of 118.80, would call for 119.18 and 119.41.

Comment: the RSI is below its neutrality area at 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair is trading under both its 20 and 50 MAs (respectively at 118.80 and 118.94).

Supports and resistances:

119.41 **

119.18 *

118.80 **

118.65

118.47 last

117.94

117.71 **

117.48 *

117.25 **

EUR/JPY Currency exchange rate forecast 13.08.2019: rebound towards 118.67

EUR/JPY Currency exchange rate forecast 13.08.2019: rebound towards 118.67

Alternative scenario: the downside breakout of 117.62 would call for 117.24 and 117.01.

Our pivot point stands at 117.62.

Our preference: rebound towards 118.67.

Alternative scenario: below 117.62, expect 117.24 and 117.01.

Comment: the RSI is below its neutrality area at 50. The MACD is above its signal line and negative. The configuration is mixed. Moreover, the pair stands below its 20 and 50 MAs (respectively at 117.94 and 117.99).

Supports and resistances:

119.12 **

118.90 *

118.67 **

118.44

117.93 last

117.77

117.62 **

117.24 *

117.01 **

EUR/JPY Currency exchange rate forecast 13.08.2019: rebound

EUR/JPY Currency exchange rate forecast 13.08.2019: rebound

Alternative scenario: the downside breakout of 117.69 would call for 117.30 and 117.07.

Our pivot point stands at 117.69.

Our preference: rebound.

Alternative scenario: the downside breakout of 117.69 would call for 117.30 and 117.07.

Comment: the RSI is above its neutrality area at 50. The MACD is above its signal line and negative. The MACD must break above its zero level to call for further upside. Moreover, the pair stands above its 20 MA (117.93) but below its 50 MA (118.02).

Supports and resistances:

119.19 **

118.96 *

118.73 **

118.51

117.99 last

117.84

117.69 **

117.30 *

117.07 **

EUR/JPY Currency exchange rate forecast 12.08.2019: the downside prevails as long as 118.08 is resistance

EUR/JPY Currency exchange rate forecast 12.08.2019: the downside prevails as long as 118.08 is resistance

Alternative scenario: the upside breakout of 118.08 would call for 118.46 and 118.69.

118.08 is our pivot point.

Our preference: the downside prevails as long as 118.08 is resistance.

Alternative scenario: the upside breakout of 118.08, would call for 118.46 and 118.69.

Comment: the RSI is below 50. The MACD is negative and below its signal line. The configuration is negative. Moreover, the pair stands below its 20 and 50 MAs (respectively at 117.99 and 118.17).

Supports and resistances:

118.69 **

118.46 *

118.08 **

117.93

117.74 last

117.28

117.05 **

116.82 *

116.59 **