USD/JPY Forecast: Overbought, but no signs of reversing

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Nov 10, 2015.

  1. Sandra S.

    Sandra S. Forum Member

    Sep 1, 2015
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    USD/JPY Current price: 123.51 View Live Chart for the USD/JPY Overbought, but no signs of reversing. The USD/JPY pair advanced up to 123.59 and remains nearby, holding to its latest gains and pointing to extend its advance during the upcoming sessions, given that the 1 hour chart shows that the Momentum indicator has erased all of its overbought readings down to its mid-line, from where it is now bouncing, while the RSI indicator stands flat around 70. In the same chart, the 100 SMA has

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