Forecast by Marius Ghisea- USD/JPY (October 3-7)

The USD/JPY currency pair may rise in the medium long term, according to the daily chart. The stochastic oscillator and the MACD indicate that this currency pair will rise. The confirmation for uptrend will be when the price is above 102.14 (EMA 50). A target in the medium long term may be 107.42 (Fibo 0.38).

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The MACD is positive on the 8 hour forex chart and a next target may be 103.51 (EMA 50). The confirmation of an uptrend will be when the price reaches 101.95.

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