Usd/Jpy Technical Analysis for 13th January 2009
Posted on 13. Jan, 2009 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
The daily chart is showing mixed signals with its RSI fluctuating at the neutral territory. However, the 4 hour chart’s RSI is already floating in the oversold territory indicating that a bullish correction might take place in the nearest future. When the upwards breach occurs, going long with tight stops appears to be preferable strategy.
