FORECAST BY MARIUS GHISEA- USD/JPY (February 29- March 4)

The USD/JPY currency pair is stuck into its range between 112.00 and 114.00 on the daily chart. The confirmation of uptrend is above 114.00. The USD/ JPY pair may rise to Fibo 50 (118,15) in the long term. The price may rise above EMA50, because the MACD goes positive.

USDJPYdaily-page-001

According to the 8 hour chart, the price is into a range between 111.70 and 114.60. If the price goes up above 114.60, this will be a confirmation of uptrend in the medium long term. The price may go up above EMA 200 (above 117.50) and the MACD is still positive on 8 hour chart.

USDJPY 8hour-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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