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orvilleawright

BEARISH USDJPY Daily:Consolidating in narrow range; Bearish BAT

Short
U.S. Dollar / Japanese Yen (FX:USDJPY)  
orvilleawright  
FX:USDJPY   U.S. Dollar / Japanese Yen
USDJPY Bearish Patterns short SELL orville wright Ascending Channel Descending Channel Bat Harmonic Patterns support Support and Resistance structure-trade price-action Candlestick Analysis dailyoutlook dailychart dailyanalysis
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usdjpy bearish short sell orville wright ascendingchannel descendingchannel batpattern harmonicpatterns support supportandresistance structure-trade price-action candlestick dailyoutlook dailychart dailyanalysis
Nov 3 2015: BEARISH USDJPY Daily:Consolidating in narrow range; Bearish BAT
(Analysis Based on Daily chart)

Observations
1. For the past couple of weeks this pair has been trading in a narrow range.
2. Price currently at resistance
3. RSI overbought at swing high
4. RSI hidden divergence
5. Bearish BAT pattern

NOTE: Wait for price action to confirm the importance of these levels.

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