USDJPY: weekly review (14/11)
Tatiana Norkina, FBS analyst
Daily. Despite strong overbought, the pair continues to recover. Upward trend, which was renewed in late October, is still in force: Ichimoku lines are directed upward. Line oscillators are also growing, although RSI has been in the overbought area for a long time.
Graph. Daily USD/JPY
H4. Quite a positive attitude emerged towards 4-hour graph as well. After fixing prices above the Kijun line, golden cross has formed. And now all the indicator lines are directed upward.
Oscillators also turned up and are intended to continue supporting the bulls.
Graph. H4 USD/JPY