FORECAST BY MARIUS GHISEA (June 8-12)

 

The weekly chart indicates that USD/JPY price will go up to 133 level for closing the gap formed in 2002. Also the MACD confirms an uptrend in the next months. In my opinion, a good strategy for long term would be to buy this pair until at least 133 level.

USDJPY weekly-page-001

The price on daily chart is still above EMA 55 and this is a confirmation for uptrend in medium term. Even if in short term can be a small retracement, in medium term this pair is still in uptrend. The uptrend is confirmed also by the positive MACD.

USDJPYdaily-page-001 (1)

 

 

 

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