FORECAST BY MARIUS GHISEA – USD/JPY (October 12-16)

The USD/JPY currency pair will fall in the medium long term, in order to form a geometrical shape at 118.30, where is Fibo 0.76. The MACD  on the daily chart indicates also a downtrend for this pair.

usdjpy

At this moment, the price is stuck in a tight range, according to the 8 hour chart. The USD/JPY currency pair will fall in the medium term, because the price is below EMA 100 on 8 hour chart and this is a confirmation of downtrend.

usdjpy h8

 

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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