USDJPY Is Going Down! Short!

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Dólar Americano/Iene Japonês (FX:USDJPY)

FX:USDJPY Dólar Americano/Iene Japonês

trendanalysis chartpattern waveanalysis usdjpy short sell trading currency forex forecast swing signals

Take a look at our analysis for USDJPY.

Time Frame: 2h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a significant resistance area 151.191.

The market is approaching a significant resistance area 150.533.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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