USDJPY is showing strong gains and preparing to attack critical resistance at 150.00
Negative signals on relative strength indicators may lead to profit-taking and reduce gains
The (USDJPY) settled with strong gains in its last intraday trading, amid the dominance of a steep bullish sub-wave, indicating the strength of this track, especially with the continuation of the positive pressure that comes from its trading above EMA50, preparing to attack the current resistance at 150.00, on the other hand, we notice the emergence of negative overlapping signals on the relative strength indicators, after reaching overbought levels, which might reduce the gains, we may witness attempts for profit-taking and offloading this overbought conditions.
Origin: Economies
