Usd/Jpy Technical Analysis for 12 December 2008
Posted on 12. Dec, 2008 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
The Daily chart’s showing that the pair is still in the bearish configuration; however, the RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. Going long with tight stops appears to be preferable strategy.
