USDJPY has closed below 60 RSI with a large bear candle
The RSI shown on the USDJPY chart has closed below 60, and there was a large bear candle formation to complement the move down.
Since the heaviest volumes are above the current price, I anticipate there will be a retracement into the supply zone.
Based on the Renko bar chart (shown as a candlestick chart above), the price has yet to infiltrate the supply area on the chart.
Since the heaviest volumes are above the current price, I anticipate there will be a retracement into the supply zone.
Based on the Renko bar chart (shown as a candlestick chart above), the price has yet to infiltrate the supply area on the chart.