USDJPY Will Go Lower! Sell!US DOLLAR VS JAPANESE YENTRADENATION:USDJPYSignalProviderPlease, check our technical outlook for USDJPY. Time Frame: 1D Current Trend: Bearish Sentiment: Overbought (based on 7-period RSI) Forecast: Bearish The market is trading around a solid horizontal structure 148.642. The above observations make me that the market will inevitably achieve 146.320 level. P.S The term oversold refers to a condition where an asset has traded lower in price and has the potential for a price bounce. Overbought refers to market scenarios where the instrument is traded considerably higher than its fair value. Overvaluation is caused by market sentiments when there is positive news. Like and subscribe and comment my ideas if you enjoy them!