FORECAST BY MARIUS GHISEA- USD/JPY (January 11-15)

The USD/JPY pair may rise in the medium term, according to the daily chart. The MACD indicates a bottom for this pair and the stochastic oscillator is already positive. JPY may go up to Fibo 0.50, to 120.84.

USDJPYdaily-page-001

The price may exit from the range at 118.26, according to the 8 hour chart. This currency pair is oversold at this moment and the MACD indicates a retracement.

USDJPY8h-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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