FORECAST BY MARIUS GHISEA- USD/JPY (January 11-15)

The USD/JPY pair may rise in the medium term, according to the daily chart. The MACD indicates a bottom for this pair and the stochastic oscillator is already positive. JPY may go up to Fibo 0.50, to 120.84.

USDJPYdaily-page-001

The price may exit from the range at 118.26, according to the 8 hour chart. This currency pair is oversold at this moment and the MACD indicates a retracement.

USDJPY8h-page-001

 

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