Forex analysis by Marius Ghisea (August 18-22)

EUR/JPY  Forecast (August 18-22)

 

Author: Ghisea Marius 

EUR/JPY Weekly chart

EURJPY Weekly Forecast

The weekly chart indicates the long-term trend for EUR/JPY, according to stochastic oscillator. Another confirmation for uptrend  is the price level which is above EMA 55.

EUR/JPY Daily chart

EURJPYDaily Forecast

The confirmation of entry (Buy) in the market for uptrend is at 137,88 where is EMA 55 on daily chart. EUR/JPY might close the gap at 145,19 in long term.

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