USDJPY - Under Pressure...
USDJPY is currently testing & pushing against strong-resistances...; there is a higher-probability for a bounce to further downside...
However, the RSI currently indicates neither in overbought nor oversold condition...; as such, there is still a possibility for a deeper-correction to the upside to happen (but it should be fairly limited if any)...
(If you take this trade, then it would be wiser to go Short with a smaller lot size for now with a wider stop-loss...)
Best regards.
However, the RSI currently indicates neither in overbought nor oversold condition...; as such, there is still a possibility for a deeper-correction to the upside to happen (but it should be fairly limited if any)...
(If you take this trade, then it would be wiser to go Short with a smaller lot size for now with a wider stop-loss...)
Best regards.
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