USDJPY Is Going Down! Sell!
Updated
Here is our detailed technical review for USDJPY.
Time Frame: 5h
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish
The market is approaching a key horizontal level 151.631.
Considering the today's price action, probabilities will be high to see a movement to 151.082.
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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Trade closed: target reached
I thin that the price will hit the TP soon enough!
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