Get started
yousufrz

USDJPY Bearish Divergence

Short
U.S. Dollar / Japanese Yen (OANDA:USDJPY)  
yousufrz  
OANDA:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Technical Indicators usdjpyshort trendreversal rsidivergence
3
0
trendanalysis indicator usdjpyshort trendreversal rsidivergence
USDJPY

Bearish divergence is apparent at RSI on increase in price which shows weak momentum.

If price is unable to make higher high, then trend reversal is confirmed. In that case, my first target will be between 0.5 and 0.618 Fib level on 1H timeframe.

Please support the idea and comment below.

Thanks and Good luck.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.