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BEARISH USDJPY Daily: RSI overbought with hidden divergence;

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
orvilleawright  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Daily Charts orville wright Ascending Channel Descending Channel rsi_divergence hiddendivergence rsi_overbought Bearish Bat consolidation breakout support Support and Resistance structure-trade price-action
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usdjpy daily orville wright ascendingchannel descendingchannel rsi_divergence hiddendivergence rsi_overbought bearishbat consolidation breakout support supportandresistance structure-trade price-action
Nov 16 2015: BEARISH USDJPY Daily:RSI overbought with hidden divergence; Bearish BAT
(Analysis Based on Daily chart)

Observations
1. Long term bull channel
2. Short term bear channel
3. Bullish breakout from consolidation
4. Price currently at resistance
5. RSI overbought at swing high
6. RSI bearish hidden divergence
7. Bearish BAT pattern completing at channel high

NOTE: Wait for price action to confirm the importance of these levels. The long term trend is bullish. The RSI is overbought and diverging. Price is also near the top of the bearish channel which also marks the completion of a bearish BAT pattern.

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