SUPPORT AND RESISTANCE / SUPPLY AND DEMAND

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Dolar A.S. / Yen Jepun (FX:USDJPY)

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FX:USDJPY Dolar A.S. / Yen Jepun

trendanalysis chartpattern fundamental supply_and_demand trendlinebreak

Take a look at our analysis for USDJPY.

Time Frame: 4H
Current Trend: Bearish
Sentiment: Overbought (based on 7-period RSI)
Forecast: Bearish

The market is approaching a key level: 156.951.

Considering the today's price action, probabilities will be high to see a movement to 155.554.

P.S
We determine oversold/overbought condition with RSI indicator.
When it drops below 30 - the market is considered to be oversold.
When it bounces above 70 - the market is considered to be overbought

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