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EURJPY TECHNICAL ANALYSIS

INDICATOR: ICHIMOKU KINKO HYO
CHARTS: MONTHLY AND WEEKLY
Price has found support on the 100% expansion on the weekly chart below, suggesting a possible rally to the previous resistance at 132 handle. Monthly price action shows no bearish candles so far.
WEEKLY CHART:
MONTHLY CHART:
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EURJPY TECHNICAL OUTLOOK

INDICATORS: ICHIMOKU
CHARTS: WEEKLY AND MONTHLY
Price well above the cloud and the tenkan sen on the weekly chart suggest further bullish actions. The breakout of the chinkou span from the cloud confirms this. Also, PA within the cloud in the monthly chart shows further bullish control. Possible target is the previous weekly support at 131.5
WEEKLY CHART:
MONTHLY CHART:
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EURJPY TECHNICAL OUTLOOK

INDICATOR: ICHIMOKU
CHARTS: WEEKLY AND MONTHLY
Monthly price action confirms a fake cloud break out, with April closing candle looking very bullish. The 100% extension on the the last swing indicated on chart below (128 - 129 handle) is a possible price target this Q2.
WEEKLY CHART:
MONTHLY CHART:
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MrSolar 29 June

Price within 10 pips. Lets see what the weekend holds

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MrSolar 3 July

12 GMT open price 128.39; That'll 11 pips lower... Lets see results

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