Technical analysis prediction for the 1st of October 2018

Instrument ; usd jpy

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

speculative position ; long position

price prediction ; 112.50


weekly chart

Daily chart



usd jpy mkt trend is strongly bullish bias and technical view on the weekly chart indicates likely continuation uptrend as long term outlook remains bullish bias, Ema signal is uptrend, Rsi (54.39), Macd signal is uptrend while on the daily chart view, the currency pair remain biased uptrend and in coming months i expect further rise likely towards 112.50 level , Ema signal is uptrend, Rsi (46.60), Macd signal is uptrend and prediction for the 1st of October 2018 is 112.50
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