USDJPY: Rejection from Support Level | April 10, 2017

Usdjpy has rejected from key support level. On the daily chart, two rejection was seen at 110.10 support level. So, this level has become critical level for this pair. So above this support level, we can stay in bullish mode for the long term. 

 

USDJPY H1 Chart: This pair seems found little horizontal resistance level and can down for few pips. Below the resistance level, we can look for sell and stop loss will be above to the resistance level. Stochastic indicator is also showing overbought condition of the pair. So it is better to sell on this pair for day trading.

 

Usdjpy H4 chart: This pair has rejected from 100 ema on this time frame. So it can act as resistance zone and we may find bearish movement below the moving average. Stop loss will be above 100 moving average and tp will be 30-60 pips. 



You will get Daily live Free Signals on the homepage. Subscribe now for email signal alert.