EURJPY Will Fall! Short!
Please, check our technical outlook for EURJPY.
Time Frame: 12H
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is on a crucial zone of supply 143.6
Taking into consideration the current market trend & overbought RSI, chances will be high to see a bearish movement to the downside at least to 142.0 level.
P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.
The term Oversold describes a period of time where there has been a significant and consistent downward move in price over a period of time without much pullback.
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