Forecast by Marius Ghisea- USD/JPY (May 16-20)

The bottom of this pair has been confirmed at 105.53, according to the daily chart. The USD/JPY currency pair may rise until Fibo 0.61 (113.00) in the medium term. If the price reaches 110.25 (EMA 50), this is a confirmation that this pair will rise in the medium term.

USDJPYDaily-page-001

The USD/JPY currency pair is into its range between 108.00 and 109.50 at this moment. If the prices breaks out of its range, it will rise above 111.10 (EMA200). The stochastic oscillator on 8 hour chart may indicate also a price increase in the next days.

USDJPY8h-page-001

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