JuliaFX

Forecast for 11-15 April 2016

FX:USDJPY   U.S. Dollar/Japanese Yen
First, a review of last week’s forecast:
The predictions for USD/JPY             turned out incorrect. The pair reached the 110.70 support very fast but then, spurred by economic news from Japan, easily broke through it and went further down, finishing the week around 108.00;

Forecast for Upcoming Week
Summarizing the opinions of several dozen analysts from leading banks and broker companies and forecasts based on different methods of technical and graphical analysis, the following can be said:
It is clear that all indicators point down for USD/JPY             . Two-thirds of the analysts and graphical analysis on H4 and D1 agree and reckon that the pair should reach the bottom at 105.50. Graphical analysis warns that a short-term surge up to resistance at 111.00 is possible before that. The longer-term forecast remains in force – USD/JPY             should return to 114.70-117.00 in late April - early May.

Roman Butko, NordFX
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out