USD/JPY

46
We're seeing the market range right now in between some resistance and fib levels. RSI is neither overbought nor oversold but considering how DXY and similar indicators of the U.S. dollar are doing I would at least expect the market to rise to either the trend line, resistance level, and or significant fib levels. Afterwards be looking for what could be a reversal but will most likely be at least a retracement back. Depending on market sentiment at open is where I would position my trades. My bias for this week, unfortunately, is neutral I would be looking at news events, the state of DXY, and other similarly correlated markets. However, remember my bias as always for December-January will be short so keep that in mind.

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