USDJPY Will Go Up! Buy!

4 May 2023

Here is our detailed technical review for USDJPY.

Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The price is testing a key support 134.157.

Considering the today's price action, probabilities will be high to see a movement to 136.175.

P.S
Please, note that an oversold/overbought condition can last for a long time, and therefore being oversold/overbought doesn't mean a price rally will come soon, or at all.

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