Market’s Calmness Looks to End

AUD/JPY:

The pair’s 2 hour, 4 hour and 8 hour RSI are floating in the overbought territory. A breach of the upper Bollinger Band is evident on the 4 hour and 8 hour charts, while a bearish cross is evident on the 4 hour and 8 hour charts’ Slow Stochastic. Forex traders may be advised to go short for the day.