This is Paul Adams, from California, US
I have been trading and analysing FOREX market for more than 10 years.
I am posting this new tread to for daily Forex Signal posting. Enjoy it for FREE
Here is my first Analysis
The major trend of USD/JPY is bullish, prices are sustaining below the important level of 119.50 consolidating & gaining strength for break it upside.
We can expect the pair to continue its ongoing trend.
Today, if USD/JPY breaks the psychological level of 119.60 & sustains above it then it can come up to the levels of 119.90/120.10 in today's session.
Prices are also taking resistance from 30 DMA & 200 DMA , supporting the upcoming bullishness in the market.
RSI is sustaining in buying territory & indicating the positive side movement for the pair.
In MACD , MACD line is to breach the zero line & supporting the upside movement for next few sessions
USD/JPY is successfully sustaining on higher level & looking bullish on charts for next few session. One can go for buy on dips strategy for this pair for intra day to mid term positions.