Friday 21 August 2015

USD/JPY Forex Technical Analysis and Strategies



TECHNICAL ANALYSIS : The primary trend of USD/JPY is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 120. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of 119.60/119.30 in today's session.

INDICATORS
RSI is sustaining near the selling territory, indicating the upcoming bearish trend in the pair.
MACD has recently breached the zero line, indicating the upcoming bearish trend in the pair.

USD/JPY Forex Trading Signals and Strategies


STRATEGY :- USD/JPY is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.



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2 comments:

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