Forex Tips

Tuesday, January 20, 2015

Major trend of USD/JPY is bullish!

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.



S3
S2
S1
PIVOT
R1
R2
R3
EUR/USD
1.1456
1.1500
1.1553
1.1597
1.1650
1.1694
1.1747
GBP/USD
1.5005
1.5054
1.5082
1.5131
1.5159
1.5208
1.5236
USD/JPY
116.17
116.54
117.06
117.43
117.95
118.32
118.84
USD/CHF
0.8416
0.8495
0.8646
0.8725
0.8876
0.8955
0.9106
AUD/USD
0.8137
0.8165
0.8188
0.8216
0.8239
0.8267
0.8290
EUR/GBP
0.7559
0.7586
0.7633
0.7660
0.7707
0.7734
0.7781
USD/CAD
1.1860
1.1895
1.1917
1.1952
1.1974
1.2009
1.2031
NZD/USD
0.7713
0.7738
0.7760
0.7785
0.7807
0.7832
0.7854



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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