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

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