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ChrisLaw1

USDJPY: Rising Towards Overlap Resistance😲

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
ChrisLaw1  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators
8
0
trendanalysis indicator
Price is rising towards the overlap resistance zone which also aligns with the 61.8% fib projection.
As you can see the RSI indicator is also in the overbought territory
I think a reversal from this zone could lead the price to fall towards the support level which is also an overlap support and lines up with the 20-moving average.
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