USDJPY overbought but buyers still in control

Trending markets can be overbought and stay overbought. This is the case with USDJPY. It has risen 6 in the last 7 days (and rose significantly in June) and the daily RSI is overbought (see video). However, trending markets can be overbought and overbought and more overbought. Overbought oscillators can feed this trend, as traders […]