USDJPY DEC 26 2016 D1 Chart
Long term sell will be my analyse for today on the USDJPY chart.
WHY?
-MACD shows that the market is in a reversal position because it's possible to see a cross-over in the indicator.
-RSI shows that this pair is overbought because the indicator is between the 70 and the 80 level.
-Fibonacci: We hit the top of the 0 level which shows that we are overbought too. This pair should go down until the 0,618 level ( strong resistance).
WHY?
-MACD shows that the market is in a reversal position because it's possible to see a cross-over in the indicator.
-RSI shows that this pair is overbought because the indicator is between the 70 and the 80 level.
-Fibonacci: We hit the top of the 0 level which shows that we are overbought too. This pair should go down until the 0,618 level ( strong resistance).
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