CHART SCALE: Weekly

INDICATORS: Parabolic Sar, Money Flow Index, Linear Regression Slope

RESISTANCE LEVEL : 131.02

SUPPORT LEVELS : 116.897

PAIR ANALYSIS :

The EUR/JPY currency pair has been characterized by a slightly bullish tendency with a possibility of bullish opportunity around the support line at 116.897 zone. The Linear Regression Slope around - 0.03 support the trendless or slightly bullish tendency suggested also with the the chart analysis. The configuration of the Parabolic Sar and the MFI support the trendless tendency. It could be considered as a possible support zone of retracement the area around 125.297. A bullish crossing of that area could facilitate a bearish domination pair pattern.
It can be evaluated a forecast price level at 125.097.

FIGURE 1 shows the tendency




FIGURE 2 indicates the forecasting pattern


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