USDJPY-Weekly Market Analysis-Dec20,Wk2
USDJPY has moved from symmetrical triangle(link at bottom) to sideway bounce setup. The two ends of it, resistance level at 104.69 and support level at 103.72 will be the area of my interest to engage trading opportunity within the box. The major restrain comes in at 104.20 which happen to be the midpoint of the 2 levels.
The RSI overbought(shorting opportunity) and oversold(buying opportunity) will be an important filter for the trading opportunity.
The RSI overbought(shorting opportunity) and oversold(buying opportunity) will be an important filter for the trading opportunity.
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