USDJPY Short to 130

28 ก.ค. 2022

From a technical standpoint, USDJPY is entering extreme bearish territory. A monthly trend line has been breached and the weekly RSI level is showing that UJ is still extremely oversold. UJ is also approaching a a level of high market imbalance, as shown from the volume profile. With all of this in mind, I expect price to continue falling to the 136 level. Remember, use proper risk management!