Forex analysis by Marius Ghisea (August 4-8)

USD/JPY  Forecast (August 4-8)

Author: Ghisea Marius 

 

USD/JPY Weekly chart

Click pictures to enlarge

USDJPYweekly-page-001

The long-term trend for this parity has just started, according to stochastic oscillator.The  price action is above Ema 55. This indicates a long-term uptrend for USD/JPY.

USD/JPY Daily chart

USDJPYDaily-page-001

The price on daily chart has rejected Fibo 61 level and has reached Fibo 76. This is a confirmation for uptrend in long term. The confirmation of entry in the market is at 102.55 level. At this price will be formed a new pattern up to 105.27 where is Fibo 100.

 

 

About author:

Ghisea Marius  – fund manager and an advisor for institutional and individual investors. 10 years experience in forex market. Marius G. provides advices for long term investors with low risk strategies investments. Ghisea Marius Facebook group

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