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I know. I know.. I know. The USDJPY is overbought, but how do you trade it?
I know.... the USDJPY is overbought. The RSI is above the 70 level indicative of an overbought condition in the USDJPY. The RSI in the USDJPY has not been this high since October 2022. The problem is the USDJPY has been overbought over the last 6-7 days. During that time, the price has moved up for most of those days (only one day with a minor move lower). As a result, traders who sold the overbought, are losing and losing big. So how do you trade the USDJPY in that situation?In this video, I...
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Posted: Jun 29 2023, 20:05
Author Name: forexlive
Views: 111287