Forecast by Marius Ghisea – USD/JPY (September 13-16)

The USD/JPY currency pair is into a downtrend on the daily chart. The price is below EMA50 (102.84) and this is a confirmation of a downtrend. The stochastic oscillator and the MACD indicate that this currency pair may fall in the medium long term.

usdjpy-daily-page-001

According to the 8 hour forex chart, the USD/JPY is into a range at this moment between 101.50 and 103. The MACD also indicates that this pair will fall slowly in the next period.

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 >>> )
Rate this post:
(1 votes, average: 4.00 out of 5)
Loading...

  Recommended by ProfitF

Forex Broker | Binary Broker | ForexVPS | FX-Signals | BO-signals

FBS-profitF

Improve Your Trading Skills - Don't miss our new posts!

---