USDJPY: Rising Towards Overlap Resistance😲
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.
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.