FORECAST BY MARIUS GHISEA (MAY 18-22)

According to the daily chart, buy on the dips strategy is indicated for this pair above RSI 50 indicator. The target might be 122.50 in the next 7 days.

USDJPYdaily-page-001

The USD/JPY pair is in a range on the weekly chart. According to the MACD which has been negative for many weeks, this pair might break soon the range above 120.50 in order to rise at 123 price level.

USDJPYweekly1-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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