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Weekly analysis

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.

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AUD/USD Forecast (June 1-5)

8-hour chart analysis

This pair might enter soon in a retracement around 0.7625 level, according to MACD on 8-hour chart.The price level for AUD/USD might rise around 0.7890 where is Fibo 50%.

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4-hour chart analysis
According to 4-hour chart, RSI indicator need to rise above 50 in order to see an uptrend in near term for this pair.

AUD4hour page 001

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