Usd/Jpy Technical Analysis for 8th December 2008
Posted on 08. Dec, 2008 by admin in Technical Analysis, Usd/Jpy, Usd/Jpy Technical Analysis
The hourly chart’s showing that the pair is still in the bullish configuration; however, the RSI is already floating in the overbought territory. On the contrary, there is a fresh bullish cross on the daily chart’s Slow Stochastic indicating that a bullish correction might take place in the nearest future. In that case traders are advised to swing in after the breach takes place.
