As it is, USDJPY seems it is clearly in an uptrend. However, this uptrend is overextended as indicated by RSI and the steep trendline it has formed. I am expecting a pullback to the 0.236 fibonacci retracement area, where it will meet the acsending trendline. From there we can expect further growth.
In conclusion: Short term sell, long term buy
In conclusion: Short term sell, long term buy
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.