SUMMARY:
The primary trend of USD/JPY is pessimistic, however from last 2-3 days it's not sustaining at lower levels. The combine is consolidating close to the necessary level of 107.30 with a positive bias. For these days if it breaks the amount of 107.50 we are able to see up to the degree of 108.00. In its hourly chart costs area unit taking support from 30 SMA & will show up aspect movement for testing two hundred SMA , RSI is additionally sustaining in shopping for teritory supporting identical.
In MACD, MACD line has recently cut the zero line & sustaining higher than it, giving positive sentiment to the combine for next few sessions .
STRATERGY:
USD/JPY is predicted to indicate top movement these days. The combine is wanting sturdy on charts for next few session. One will opt for obtain on dips strategy for this combine for intra day to middle term positions.
Pivot Points
The primary trend of USD/JPY is pessimistic, however from last 2-3 days it's not sustaining at lower levels. The combine is consolidating close to the necessary level of 107.30 with a positive bias. For these days if it breaks the amount of 107.50 we are able to see up to the degree of 108.00. In its hourly chart costs area unit taking support from 30 SMA & will show up aspect movement for testing two hundred SMA , RSI is additionally sustaining in shopping for teritory supporting identical.
In MACD, MACD line has recently cut the zero line & sustaining higher than it, giving positive sentiment to the combine for next few sessions .
STRATERGY:
USD/JPY is predicted to indicate top movement these days. The combine is wanting sturdy on charts for next few session. One will opt for obtain on dips strategy for this combine for intra day to middle term positions.
Today's
Chart: USD/JPY (HOURLY)
Pivot Points
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