Usd/Jpy Technical Analysis for 19th February 2009
Posted on 19. Feb, 2009 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
The price of this pair appears to be floating in the over-bought territory on the 4-hour chart’s RSI and there appears to be an imminent bearish cross on the Slow Stochastic, indicating a downward correction may occur soon. The price also appears to be floating in the over-bought territory on the daily chart’s RSI which also lends support to this notion. Going short might be the right choice today.
