Currently, USDJPY Sits under 3 sets of highs (1 month high 13 week high and 52 week high) in additino to that , both on the one hour and four hour the RSI Based MA is above 70, which is a perfect selling oppritunity combined with higher buying in recent history, creating a overbought opening session.
Even with the Scholastic RSI being at a very low level in the chart, there is room for a quick long before it continues down into support at the pivot point 130.493.
Even with the Scholastic RSI being at a very low level in the chart, there is room for a quick long before it continues down into support at the pivot point 130.493.