$USDJPY Is Bullish And Sustaining On Higher Levels

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SUMMARY:

The major trend of USD/JPY is bullish. Prices are successfully consolidating with strong positive bias taking resistance of falling trend line and expected to  give  breakout at upside. If the pair crosses  the important level of 121.55 and sustains above it then it can continue its ongoing trend. If USD/JPY crosses the resistance level of 121.60 at upside then we can expect it to test the level of 122.20/122.60. 

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USD/JPY ( Hourly ) :

Charts

INDICATORS:

RSI is sustaining in buying territory supporting the upcoming bullish trend in the pair.
Prices are  also taking support of 200 DMA, can show positive side movement for the day.

STRATEGY: 

USD/JPY is sustaining on higher levels & looking 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	1.0446	1.0498	1.0547	1.0599	1.0648	1.0700	1.0749
GBP/USD	1.4571	1.4646	1.4695	1.4770	1.4819	1.4894	1.4943
USD/JPY	120.69	120.89	121.13	121.33	121.57	121.77	122.01
USD/CHF	0.9925	0.9964	1.0014	1.0053	1.0103	1.0142	1.0192
AUD/USD	0.7528	0.7565	0.7591	0.7628	0.7654	0.7691	0.7717
EUR/GBP	0.7028	0.7072	0.7130	0.7174	0.7232	0.7276	0.7334
USD/CAD	1.2709	1.2728	1.2759	1.2778	1.2809	1.2828	1.2859
NZD/USD	0.7152	0.7223	0.7264	0.7335	0.7376	0.7447	0.7488

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