Forecast by Marius Ghisea – USD/JPY (November 28-December 2)

According to the daily chart, the top for USD/JPY currency pair was at 113.88. The price may retrace until Fibo 61% (108.14), in the medium long term. The stochastic oscillator has started to fall and also the MACD may be negative in a few days.

usdjpydaily-page-001

The MACD on the 8 hour chart is already negative for USD/JPY. The price may fall at Fibo 61% (108.33), in the medium term.

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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