Usd/Jpy Technical Analysis for 25th February 2009
Posted on 25. Feb, 2009 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
The price of this pair currently floats in the over-bought territory on the RSI of the 4-hour and daily charts, signaling strong downward pressure. A bearish cross appears to have just formed on the 4-hour chart’s Slow Stochastic as well, supporting the notion that a downward correction is imminent. Going short might be the right choice today.
