marketpainterPH

An hourly bearish divergence forming for $USDJPY

Short
OANDA:USDJPY   U.S. Dollar / Japanese Yen
The pair may fall and undergo a corrective abc as price shows possible sign of weakness on its upward momentum.
A bearish divergence on this hourly timeframe chart analysis maybe/ can be used as an added conviction of this Elliot wave analysis.

#elliotwaveforecast
@marketpainterPH
Trade active: This trade is still active.
Trade active: An update for #USDJPY. Pair may now be on its way for completing the final impulsive wave c of the corrective phase with targets at 0.5 - 0.618 fibonacci retraments of the previous motive phase.


#elliotwaveforecast
@marketpainterPH

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