USDJPY Bearish Divergence

FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY             is showing some bearish divergence. With prices hovering around the 76.40% region and prices losing steam to break higher. I expect prices to head down to around the 61.8% region.
Comment: Prices are hovering right at the support region. Let's continue to monitor it
Comment: Prices still ranging at the the resistance region

Trade closed: stop reached
Comment: I know a lot of people got stopped out of UJ. Could it be a bank push? possibly. Let's continue to monitor this interesting pair and learn from past mistakes.

dear Alex. in my opinion your SL should be at least at 107 . my selling position would be at 106.62 with 61.8 fibo and h4 strong resistance.
sorry , daily strong resistance!
thanks for sharing your ideas!
+1 Reply
No Problem, anytime!
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