FORECAST BY MARIUS GHISEA (June 8-12)

 

The weekly chart indicates that USD/JPY price will go up to 133 level for closing the gap formed in 2002. Also the MACD confirms an uptrend in the next months. In my opinion, a good strategy for long term would be to buy this pair until at least 133 level.

USDJPY weekly-page-001

The price on daily chart is still above EMA 55 and this is a confirmation for uptrend in medium term. Even if in short term can be a small retracement, in medium term this pair is still in uptrend. The uptrend is confirmed also by the positive MACD.

USDJPYdaily-page-001 (1)

 

 

 

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 >>> )
Rate this post:
(No Ratings Yet)
Loading...

  Recommended by ProfitF

Forex Broker | Binary Broker | ForexVPS | FX-Signals | BO-signals

FBS-profitF

Improve Your Trading Skills - Don't miss our new posts!

---