USDJPY Will Go Down From Resistance! Short! US DOLLAR VS JAPANESE YENTRADENATION:USDJPYSignalProviderPlease, check our technical outlook for USDJPY. Time Frame: 1h Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is approaching a key horizontal level 156.060. Considering the today's price action, probabilities will be high to see a movement to 155.585. P.S We determine oversold/overbought condition with RSI indicator. When it drops below 30 - the market is considered to be oversold. When it bounces above 70 - the market is considered to be overbought. Like and subscribe and comment my ideas if you enjoy them!