USDJPY Will Go Higher From Support! Long!

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Here is our detailed technical review for USDJPY.

Time Frame: 12h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is on a crucial zone of demand 160.539.

Taking into consideration the structure & trend analysis, I believe that the market will reach 162.060 level soon.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

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ملاحظة

I am confident in this trade so I will keep it open!