Forecast by Marius Ghisea- AUD/JPY (May 30-June 3)

The AUD/JPY currency pair may be in a long-term uptrend, according to the daily chart (see live forex chart here >>). The bottom for this pair was at 77.60. The stochastic oscillator confirms also the uptrend. A long-term target for this currency pair may be 85.02 (0.61 Fibo).


The stochastic oscillator on the 8 hour chart shows the uptrend. The first possible medium-term target is 81.14 (0.61 Fibo) and the second target may be 82,12 (0.50 Fibo).


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 ( Go to Ghisea Marius Facebook group >>> )
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