Above is the breakdown of USDJPY . In this UJ analysis, I will be breaking down why am I looking for some short-term to long-term bearish reversal as the market approached 114.50 multi-year highs. RSI is at extreme overbought condition too which provides us an additional confluence to the setup. However, if at any point price begin breaking above 114.50 previous high, then it will invalidate this short-term reversal setup.
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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.