Hello Friends,

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

USD/JPY

SUMMARY:

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

STRATEGY:-

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.

Click image for larger version. 

Name:	Forex Signals USDJPY Technical Analysis.jpg 
Views:	415 
Size:	37.2 KB 
ID:	5118