Forex forecast

euro yen mensile novembre 2018

Euro Yen forecast today Eur Jpy technical analysis until January 2019

Euro Yen forecast today Eur Jpy technical analysis through Gann’s time cycles

From the time cycle expired last February, the European currency has gradually weakened following a marked negative directionality during the first semester.

Otherwise in the second semester, the price-time dynamics has lateralized, starting several times at ascending and descending peaks.

In particular since July 2018, various cyclical phases have alternated creating “competing” forces that have contrasted psychological masses of investors, laying the foundations for a new accumulation phase .

More specifically, we had June 2018: Range Square, July 2018:Minimum Square, September 2018: new Minimum Square, October and November 2018: Maximum Square.

The month of December 2018 will be the most suitable to express the Euro medium term directionality: the achievement of 132.80 will restore the positivity for the next few months.

Resistances at 134.40; 136.

The return of exchanges below 126.25 level will confirm the negative trend by marking a potential triple bottom: supports at 124.80.