Monthly Archives: June 2018

USD/JPY Forecast: Gains look corrective while below 200-day MA

The USD/JPY rose to 109.73 on Friday, having created long-tailed inside day candle on Wednesday and Thursday,

However, the recovery from 108.11 (May 29 low) to 109.73 looks like a corrective rally and only a break above the 200-day moving average (MA), currently located at 110.17, would confirm a…

Weekly Forex Forecast (June 4 – 8, 2018)

The EURUSD rebounded higher last week forming a quasi-bullish rejection candle on the weekly chart. It started with Wednesday’s 130 pip surge and was capped off by Friday’s end of day bounce to stay above the trend line from the 2017 low.

The placement of that trend line is more subjective than m…