USD/JPY: Daily Technical Analysis For March March 31, 2015

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Technical Indicator:

Intra-day bias remains bullish. List of indicators applied on the 1 hour time-frame used for analysis includes:

Moving Averages 21 and 55 = Buy

Parabolic S.A.R = Buy

A.D.X= Buy

R.S.I = Buy

MACD = Buy

SSRC(customized stochastic) = Buy

Daily Central Pivot Point Bias = Bullish

Candlestick formed from previous day = Bullish


Technical Analysis:

Am expecting more rise to 120.55 and 121.00 resistance respectively.

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