Bearish USD/JPY: An outlook for next 6-8 weeks

7 באוק׳ 2017

We can see right now at RSI that is accumulating to the overbought territory, the price is too high, reaching the level of a previous higher high which consequently produced a big sell-off turning down the price to 108 levels. So in this case, anytime soon we could see the opportunity to enter in a hard downtrend rally.