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

 

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