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USD/JPY Forecast (June 8-12)

Weekly chart analysis

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 our opinion, a good strategy for long term would be to buy this pair until at least 133 level.

USDJPY weekly page 001 1

 Daily chart analysis

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 1

 

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