USDJPY is on fire.. Correction move is lined up now
USD/JPY has made a fresh high today as momentum indicators appear bullish for now.
The 21-day simple moving average (SMA) is well below the current level and the Bollinger Band based of it has widened as volatility increased with this break higher. The price has moved outside of the upper band and a move back inside might indicate a pause in bullish momentum.
As of now USDJPY is on over bought level now.. Can see a fallback from here also a strong resistance at 113.10 hold the things. Soft suggestion is Sell from here.
The 21-day simple moving average (SMA) is well below the current level and the Bollinger Band based of it has widened as volatility increased with this break higher. The price has moved outside of the upper band and a move back inside might indicate a pause in bullish momentum.
As of now USDJPY is on over bought level now.. Can see a fallback from here also a strong resistance at 113.10 hold the things. Soft suggestion is Sell from here.