orvilleawright

BEARISH USDJPY Daily:RSI overbought with hidden divergence

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
Nov 10 2015: BEARISH USDJPY Daily:RSI overbought with hidden divergence; Bearish BAT
(Analysis Based on Daily chart)

Observations
1. Price has broke out of the narrow trading range.
2. Price currently at resistance
3. RSI overbought
4. RSI hidden divergence
5. Bearish BAT pattern
6. Shallow short term down channel
7. Long term up channel

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

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