Forecast by Marius Ghisea – AUD/JPY (22-25 November)

The AUD/JPY pair is into an uptrend at this moment, according to the daily chart. If the price falls below Fibo 61% ( 81.22), this is a sign that it will drop even below Fibo 50% ( 79.57). The confirmation of a downtrend will be when the price reaches EMA50 (79.65).

audjpydaily-page-001

According to the 8 hour chart, the AUD/JPY currency pair is into a range between 82.50 and 81.10. If the price breaks out of its range at 81.10, it may fall below EMA200 (79.32).

audjpy8h-page-001

MariusG
Marius Ghisea – fund manager and advisor for institutional and individual investors. 11 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Technical analyst at ProfitF.com ( Go to Ghisea Marius Facebook group >>> )
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