USD/JPY : The pair keeps long extended towards the higher high.

General overview: The pair keeps rising towards the positive direction in the market. The pair keeps growing towards the positive momentum ahead. The price is keeps rising towards the higher side. The major volatility can be seen towards the strong movement ahead. The pair emerges with the strong growing side in the market. The pair starts growing towards the bullish side in the market. The pair starts moving from the point 148.55 at the market. The expected range top will be 151.90 in the market. The market moves towards the buy side in the market.  The pair breaks the support level of the market and start rising towards the buy side in the market.

Technical analysis:  According to the technical point of view we can say that market sits towards the positive side in the market. The technical chart says that investors should go for buy in the market. The market shows its maximum power to the bulls and the pair reaches towards strong bullish side. On the 4 hourly charts we can say that market travels towards the 150.75 level in the market and the indicators also indicating towards the positive side in the market as the RSI also reaches above 50 level and MACD above zero line both are indicating the Buy signals in the market. The pair fined its breakout at level 148.30 and traded towards the level 149.20. The major line SMA falling below the level EMA and makes their trading towards the positive side in the market. So, we suggest our traders to make their investment towards the buy side in the market. The support of the trade is 147.95 followed 147.10 and resistance is 149.95 followed by 150.90.

Trade idea:  Our investors go for buy at level 148.70 and target will be 149.15, 149.65 and stop loss will be 148.10.



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