USD/JPY Is In Bullish Trend

SUMMARY:
 
The major trend of USD/JPY  is bullish. Prices are sustaining below the falling trend line & expected to give a breakout upside &  continue its major trend. The pair is showing strength in buying side & can come up to test the 200.  if it breaks the level of 118.95 at upside we can expect it to test the level of 119.20/119.50. RSI is also sustaining in buying  territory supporting the  ongoing  trend.

USD/JPY ( HOURLY )

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.

Pivot Points

	S3	S2	S1	PIVOT	R1	R2	R3
EUR/USD	1.1703	1.1744	1.1789	1.1830	1.1875	1.1916	1.1961
GBP/USD	1.5016	1.5056	1.5114	1.5154	1.5212	1.5252	1.5310
USD/JPY	116.58	117.33	117.84	118.59	119.10	119.85	120.36
USD/CHF	1.0034	1.0074	1.0112	1.0152	1.0190	1.0230	1.0268
AUD/USD	0.7979	0.8054	0.8105	0.8180	0.8231	0.8306	0.8357
EUR/GBP	0.7729	0.7756	0.7778	0.7805	0.7827	0.7854	0.7876
USD/CAD	1.1736	1.1784	1.1879	1.1927	1.2022	1.2070	1.2165
NZD/USD	0.7593	0.7664	0.7723	0.7794	0.7853	0.7924	0.7983

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