USDJPY Will Go Higher From Support! Long!
Please, check our technical outlook for USDJPY.
Time Frame: 6h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is approaching a key horizontal level 140.976.
Considering the today's price action, probabilities will be high to see a movement to 142.811.
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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Note
I am confident in this trade so I will keep it open!
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🔝Best Broker: icmarkets.com/trading-markets/forex/?camp=51166
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