USDJPY Is Bullish! Buy!

16 thg 5, 2023

Here is our detailed technical review for USDJPY.

Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 136.202.

Considering the today's price action, probabilities will be high to see a movement to 137.771.

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.

Like and subscribe and comment my ideas if you enjoy them!