Usd/Jpy Technical Analysis for 16th December 2008
Posted on 16. Dec, 2008 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
The 4 hour chart is showing mixed signals with its Slow Stochastic fluctuating at the neutral territory. However, the Daily Chart’s 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.
