Technical analysis prediction for the 1st of August 2018

Instrument : Usd jpy

Indicators; Ema200,50, Macd 12,26,9, Rsi 14, S/R

speculative position : Long position

price prediction : 110.95


weekly chart


Daily chart



Usd jpy mkt trend remains slightly bullish bias, technical view on the weekly chart suggest the currency pair could rise further in the coming months, Ema signal is uptrend, Rsi (54.83), Macd signal is uptrend while on the daily chart view the currency pair is slightly bullish bias and i expect the rising upside momentum to remain in the long term, price is currently above Ema 200, 50, Rsi (58.89), Macd signal is uptrend and prediction for the 1st of August 2018 is 110.95
Translate to English Show original