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
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
Comment:
Wait for SOR before entering a SHORT TRADE
Spotted a Hidden Bullish Divergence on H1 chart