USDJPY is overvalued on H1 Short

U.S. Dollar/Japanese YenFXCM

Description

⋅ Oct 24, 2014 1:49 PM

USDJPY currency pair is trading higher than 55 Moving Average on hourly timeframe so we are considering a downward movement for this currency pair from the level of 108.058 on U.S. stock trading session until 14:30 GMT today.