The major trend of
USD/JPY is bullish. Prices have given a breakout of falling trend line
yesterday & sustaining above the breakout level successfully. For today,
if the pair breaks the level of 118.35 at upside we can expect it to
test the level of 118.85 . RSI is also sustaining in buying territory supporting the ongoing trend. MACD
line is also sustaining above the zero line,indicating the up trend in the
market.
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S3
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S2
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S1
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PIVOT
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R1
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R2
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R3
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EUR/USD
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GBP/USD
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USD/JPY
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USD/CHF
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AUD/USD
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USD/CAD
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0.7854
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STRATEGY :- USD/JPY is
successfully sustaining on higher level & looking further bullish on charts. One can go for buy
on dips strategy for this pair for intra
day to mid term positions.
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