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 unfolds.
every feedback is taken constructively. please let me know what you think and it will be much appreciated.
P.S these are only my views and should not be taken as trading advice.
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 unfolds.
every feedback is taken constructively. please let me know what you think and it will be much appreciated.
P.S these are only my views and should not be taken as trading advice.