USDJPY Multi-Timeframe Approaching Oversold, Nearing Fib Support
Watch for acceptance of the fib support for USDJPY.
This approach to the fib support is coinciding nicely with RSI on both 1H and 4H indicating the pair is oversold. The result may be a quick burst up to the descending trend resistance shown on the chart.
This approach to the fib support is coinciding nicely with RSI on both 1H and 4H indicating the pair is oversold. The result may be a quick burst up to the descending trend resistance shown on the chart.
