Eventhough its not heavy overbought, I feel considering USDJPY, we should be on short side too.
The ADX has been in a strong trend, and RSI is above 70.0 (not extreme).
Strategy is SELL @ 100.50-101.00 and take profit @ 98.27 for now. Stop-loss if wished for @ 101.55.
The ADX has been in a strong trend, and RSI is above 70.0 (not extreme).
Strategy is SELL @ 100.50-101.00 and take profit @ 98.27 for now. Stop-loss if wished for @ 101.55.