Forecast by Marius Ghisea- AUD/JPY (May 30-June 3)

The AUD/JPY currency pair may be in a long-term uptrend, according to the daily chart (see live forex chart here >>). The bottom for this pair was at 77.60. The stochastic oscillator confirms also the uptrend. A long-term target for this currency pair may be 85.02 (0.61 Fibo).

The stochastic oscillator on the 8 hour chart shows the uptrend. The first possible medium-term target is 81.14 (0.61 Fibo) and the second target may be 82,12 (0.50 Fibo).