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Nov 24, 2021 11:54 AM

USDJPY Bearish Divergence Short

OANDA:USDJPY60
USD/JPYOANDA

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OANDA: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.
Trend AnalysisTechnical Indicatorsusdjpyshorttrendreversalrsidivergence
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