AUDJPY Is Going Up! Buy!
Please, check our technical outlook for AUDJPY.
Time Frame: 8h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish
The market is trading around a solid horizontal structure 94.141.
Current market trend & oversold RSI makes me think that buyers will push the price. I will anticipate a bullish movement at least to 94.928 level.
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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