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

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