FORECAST BY MARIUS GHISEA- EUR/JPY (November 30-December 5)

The EUR/JPY currency pair is into a range between 129.60 and 130.34. If this currency pair breaks out of its range at 130.34, this will be a confirmation of uptrend in the medium term. Also the MACD on 8 hour chart indicates a potential uptrend.

EURJPY 8 hour-page-001

According to the daily chart, EUR will go up if the price breaks out above 15-day EMA at 131.05. In this case, the price will rise to 133.54 where is Fibo 50, in the medium long term.

EURJPYdaily-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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