FOREX ANALYSIS BY MARIUS GHISEA (AUGUST 3-7)

USD/JPY Forecast

According to the daily chart, USD/JPY will drop. The confirmation for downtrend will be when the price reaches EMA 14 on the daily chart. A target for this pair in the medium-long term can be 120 level.

USDJPYdaily-page-001

The 8 hour chart indicates a downturn in the medium term for this pair. According to the MACD, the price will fall under EMA 200 on H8 chart, even if on short term USD/JPY can rise.

 

USDJPY8hour-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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