There is a possibility for the beginning of an uptrend in EURJPY

Midterm forecast:
While the price is above the support 115.850, beginning of uptrend is expected.
We make sure when the resistance at 120.800 breaks.
If the support at 115.850 is broken, the short-term forecast -beginning of uptrend- will be invalid.

Technical analysis:
There is a divergence in RSI and price between the trough at 117.665 on 2019-08-05 and the trough at 115.86 on 2019-09-03, the probability of downtrend continuation is decreased and the probability of beginning of uptrend is increased.
The RSI downtrend #1 is broken, so the probability of beginning of uptrend is increased.
A peak is formed in daily chart at 120.00 on 09/13/2019, so more losses to support(s) 118.20 and minimum to Major Support (117.50) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 45.

Trading suggestion:
. There is a possibility of temporary retracement to suggested support zone (117.50 to 115.85). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Beginning of entry zone (117.50)
Ending of entry zone (115.85)

Entry signal:
Signal to enter the market occurs when the price comes to "Buy zone" then forms one of the reversal patterns, whether "Bullish Engulfing", "Hammer" or "Valley" in other words, NO entry signal when the price comes to the zone BUT after any of reversal patterns is formed in the zone. To learn more about "Entry signal" and the special version of our "Price Action" strategy FOLLOW our lessons:

Take Profits:
TP1= @ 119.250
TP2= @ 120.800
TP3= @ 122.300
TP4= @ 123.700
TP5= @ 125.100
TP6= @ 126.650
TP7= @ 129.100
TP8= @ 133.100
TP9= Free