Sydney 00:00:00 Tokyo 00:00:00 London 00:00:00 New York 00:00:00
real time forex news and technical analysis

Monthly USDJPY chart warns of potential for sharp reversal

USDJPY Tech analysis by Simon Kazinsky on 08:37 January 12, 2015 EST

The USDJPY monthly chart shows RSI at unseen levels for at least 35 years. In addition, price has positively diverged the most in 25 years with respect to its long term moving average that has provided resistance and support muti times through the years.