This current uptrend on the USDJPY, although overbought on the RSI is showing strength for the moment on the MACD. I would expect it to ride the trend until the MACD shows signs of weakness and then a breakout on the downside.
We could potentially see this breakout at some point next week. Im not trading but i will definitely keep an eye out and see how this one...
So i had a look at this chart and saw that the small uptrend is kind of losing momentum according to the MACD. the MACD still states a slight move up but it doesn't look too strong. the next few hours should give a better indication as to when the EURUSD will break to the downside. or will it even break to the down side?
Please let me know you think because all...
after the initial uptrend, there was a break out onto the short side and it consolidated after about 6 hours. the consolidation trend has been broken again towards the short side. will there be another impulse?
these are just my views and should not be taken as trading advise.
