Usd/Jpy Technical Analysis for 7th January 2009
Posted on 07. Jan, 2009 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
It appears that the price is floating in the over-bought territory on the RSI of both the 4-hour and daily chart, indicating a downward movement is imminent. A violent breach of the upper border on the daily chart’s Bollinger Bands supports this notion. Going short appears to be the right strategy today.
