bearish outlook for the USD/JPY

25 thg 9, 2021

with the RSI indicating the usd/jpy being over bought (over 70%) on the 4 hour time frame and price coming to the strong resistance zone of 110.800 - 110.740 we are getting a bearish bias. if market structure holds im having a bearish outlook for this pair. however we need to keep in mind the 14:30 news for the usd, if the news comes out as good for the dollar US I'm expecting a break above the strong resistance zone zone of 110.800 - 110.740USDJPY