ChrisLaw1

USDJPY: Rising Towards Overlap Resistance๐Ÿ˜ฒ

ืฉื•ืจื˜
OANDA:USDJPY   ื“ื•ืœืจ ืืžืจื™ืงืื™ / ื™ื™ืŸ ื™ืคื ื™
Price is rising towards the overlap resistance zone which also aligns with the 61.8% fib projection.
As you can see the RSI indicator is also in the overbought territory
I think a reversal from this zone could lead the price to fall towards the support level which is also an overlap support and lines up with the 20-moving average.

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