bishopblue
Short

APPROACHING THE MAJOR RESISTANCE - SHORT

FX:USDJPY   U.S. Dollar / Japanese Yen
After almost 6 months of uphill climb for this pair, it is now approaching the major resistance around 114 area. To be able to break that year-long resistance RSI must also break the 73.77 level. As the price goes higher, the oscillators must follow suit otherwise a bearish divergence will form.
My personal bias for UJ is that the price will get rejected as the bulls simply losing its steam based on the movement of RSI . Shorting is imminent
Oct 01
Comment: No SELL signal yet for UJ.
Spotted a Hidden Bullish Divergence on H1 chart
Oct 03
Comment: Wait for SOR before entering a SHORT TRADE
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