Stefan Schlemm: EURJPY - Fractal forecast

EURJPY - forecast for thursday
The pair tries to rise over than Alligator and develop the upward trend. It will succeed in a case of the further growth upper the resistance level of 113.75, in a case of it the further purpose of the pair growth will be the resistance level of 114.33 and 114.68. The downward trend will start its development by the fact of the movement of the pair below the support level of 113.40, after that the lowing on the support level of 112.45 will happen. 

EURJPY - weekly forecast
Alligator is located upper than the pricing chart, that indicates the development of the downward trend with the aim of lowing on the level of the intermediate support of 110.20 and the main support of 107.90, in a case of possibility of the movement of the pair below the intermediate support of 110.20. The upward trend will start in a case of the market's growth upper the resistance level of 112.23. In a case of the growth upper the level of 113.02 the upward impulse will become stronger and the resistance level of 114.68 will become the aim of the pair growth.

EURJPY - monthly forecast
Alligator is lower than the pricing chart, that indicates the development of the upward trend. On the way of the further growth the resistance level of 113.40 is located, with the further growth upper that the resistance level of 114.68 will be achieved, with the further growth upper that the level of 117.00 will be achieved. The downward trend will develop in a case of the pair movement below the support level of 111.89, after that the lowing on the support of 110.87 will happen, with the further movement below that the support of 109.49 will be achieved.

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