DislikedEven when it's technically oversold, that doesn't mean that it can't continue to sell. For example, the eur/usd has been well oversold for quite some time, yet it continues to sell!
The usd/jpy may resume it's bear direction....we have to trade things as we see them. I kind of expect it to have another go at breaking the lower trendline on the daily chart, but I will take a small long if it trys to break the trendline but fails.
For me, this is a difficult time because there is no way to know whether a continuation of the bear trend is imminent,...Ignored
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