Today's levels

The primary trend of USD/JPY is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining below 50 day SMA and taking resistance of 200 day SMA indicating uptrend of the pair.
Resistance level of 123.75 and Support level of 120.15
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.



INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: USD/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

TREND

The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is sustaining above 200 day SMA and taking resistance of 50 day SMA indicating downtrend of the pair.
Resistance level of 118.40 and Support level of 115.98
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.



INDICATORS:-
RSI is sustaining in its selling zone indicating the upcoming bearish trend in the pair.

STRATEGY: USD/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

Imo it does make sense if it hits 115, the risk is there cos of the gap up to the 120s. Question is whether it will reach 115 before turning down deeper south with the existing factors in sight. I’m more inclined to want to enter short only from 114 so that at least if it doesn’t move back down my losses are small. At 113.30 now it’s just a bit too uncertain for me.
Point to note though, it looks like it’s broken above the upper short term trend line. (Sorry I can’t post charts here cos I write here using my phone)

USD/JPY BULLISH

The secondary trend of USD/JPY is bullish on charts and price is trading above the trend line in its hourly chart. In hourly chart the price is sustaining below 200 day SMA and taking support of 50 day SMA on the upside indicating uptrend of the pair.
Resistance level of 107.45 and Support level of 106.90
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.



INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming bullish trend in the pair.

STRATEGY: USD/JPY is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

USDJPY

The USD/JPY pair bounced slightly during the course of the day on Wednesday, using the 104.29 level as support. At this point in time, the market is looking bearish. The primary trend of USD/JPY is bearish on charts and price is trading below its support trend line in its 1 hourly chart. In its 1 hourly chart the price is sustaining below 200 day SMA that are appears on the above image indicating downtrend of the pair.
Resistance level 104.90 and Support level 104.29
If it breaks its support level on the downside and sustains below it then we can expect it to show further bearish movement in the pair.



INDICATORS:-
MACD is sustaining in its negative territory indicating the bearish trend in the pair.
RSI is sustaining in its selling zone indicating the upcoming negative trend in the pair.

STRATEGY: USD/JPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair for intra day to mid term positions in it.

USD/JPY BULLISH

The USDJPY pair bounced slightly during the course of the day on Monday, using the 103.63 level as support. At this point in time, the market is looking bullish. The primary trend of USDJPY is bullish on charts and price is trading below its Resistance trend line in its 4 hourly chart. In its daily chart the price is sustaining above 100 day SMA that are appears on the above image indicating uptrend of the pair.
Resistance level 104.97 Support level 103.63
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.



INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.

STRATEGY: USDJPY is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

USDJPY

The USDJPY pair bounced slightly during the course of the day on Friday, using the 105.30 level as support. At this point in time, the market is looking bullish. The primary trend of USDJPY is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 100 day SMA that are appears on the above image indicating uptrend of the pair.
Resistance level 106.10 Support level 105.30
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.



INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.

STRATEGY: USDJPY is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it.

USDJPY

The USDJPY pair getting consolidate with negative biased and trading with resistance of Ichimoku Kinko Hyo cloud that appears on the above image indicating short term trend of the pair. At this point in time, the market is looking bearish. Also, the long trend of USDJPY is bearing on charts and price has given breakout support level in its 4 hourly chart. In its hourly chart the price is sustaining below 50 day DMA.
Resistance level 102.20 Support level 101
If it manages to sustain below 101.30 and break its support level then we can expect it to show further down side movement in the pair.



INDICATORS:-
RSI is sustaining below 50 mark in negative territory indicating the upcoming negative trend in the pair.

STRATEGY: USDJPY is looking bearish on charts for next few trading session. One can go for sell on higher level strategy for this pair.

USDJPY

The USDJPY pair bounced slightly during the course of the day on Thursday, using the 101.70 level as support. At this point in time, the market is looking bullish. The primary trend of USDJPY is bullish on charts and price is trading below its Resistance trend line in its 1 hourly chart. In its daily chart the price is sustaining above 200 day SMA that are appears on the above image indicating uptrend of the pair.
Resistance level 102.20 Support level 101.70
If it breaks its resistance level on the upside and sustains above it then we can expect it to show further bullish movement in the pair.



INDICATORS:-
MACD is sustaining in its positive territory indicating the bullish trend in the pair.
RSI is sustaining in its buying zone indicating the upcoming positive trend in the pair.

STRATEGY: USDJPY is looking bullish on charts for next few trading session. One can go for buy on lower level strategy for this pair for intra day to mid term positions in it