This pair may seem overbought on the hourly charts, but on weekly and daily charts, it still has room to move up to 120-125, especially with fundamentals supporting the bullish side.
dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2016/12/15/USDJPY-Marches-Towards-120.00-RSI-Pushes-Deeper-Into-Overbought.html?DFXfeeds=forex:fundamental:us_dollar_index:daily_dollar
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dailyfx.com/forex/fundamental/us_dollar_index/daily_dollar/2016/12/15/USDJPY-Marches-Towards-120.00-RSI-Pushes-Deeper-Into-Overbought.html?DFXfeeds=forex:fundamental:us_dollar_index:daily_dollar
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.