USDJPY Will Go Up! Buy!
Take a look at our analysis for USDJPY.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 139.605.
Considering the today's price action, probabilities will be high to see a movement to 140.768.
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.
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