Forecast by Marius Ghisea – USD/JPY (November 28-December 2)

According to the daily chart, the top for USD/JPY currency pair was at 113.88. The price may retrace until Fibo 61% (108.14), in the medium long term. The stochastic oscillator has started to fall and also the MACD may be negative in a few days.

usdjpydaily-page-001

The MACD on the 8 hour chart is already negative for USD/JPY. The price may fall at Fibo 61% (108.33), in the medium term.

usdjpy8h-page-001

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