•In USDJPY the bulls gain traction with healthy momentum and currently trading around 111.29 which is well above 21 DSM.
•We expect more rallies because 7 DSM crosses over 21 DSM which is a bullish DSM crossover.
•For short term traders, next stiff resistance is observed at 112.20 levels.
•Support around 109.50 & 109.00
•Despite ongoing rallies, the bullish sentiments for this month are not backed by momentum & trend indicators.
•The massive volumes formation during course of the bearish rout are to substantiate the major trend.
•It is good to buy one touch binary call option to participate in the short term bullish trend, this strategy is likely to add magnifying effects to the yields.
•We expect more rallies because 7 DSM crosses over 21 DSM which is a bullish DSM crossover.
•For short term traders, next stiff resistance is observed at 112.20 levels.
•Support around 109.50 & 109.00
•Despite ongoing rallies, the bullish sentiments for this month are not backed by momentum & trend indicators.
•The massive volumes formation during course of the bearish rout are to substantiate the major trend.
•It is good to buy one touch binary call option to participate in the short term bullish trend, this strategy is likely to add magnifying effects to the yields.
