Posts filed under ‘USD/YEN’
Base on sell the spike theory, here we see yen is creeping near its recent highs but rsi is way below to previous rsi highs. taking short position with a 10pip scalp tp.
For reference only.
i think there will be a huge bounce coming due to the divergence forming. overall though, usdyen is still on a downtrend, thus the bounce play. needs to break 85 (and for strength reading to go past above 50) for reversal. caveat.
Will cable resurect for the 4th time? Have USD/Yen finally touched bottom and reversed? Let’s check it out.