samcco09
Short

USD/JPY Short Opportunity from Structure

FX:USDJPY   U.S. Dollar/Japanese Yen
USD/JPY             is nearing a zone that could provide a good short opportunity

-Price action is approaching resistance from a multi-month trend line that goes back to February.
-As shown on the chart, there a previous structure zone where support turned into resistance.
-The MACD and RSI is showing bearish divergence, with both reaching lower highs while price action hit higher highs.
-After the strong price advance over the last several days, we may be seeing at least some retracement, or a continuation of the current downtrend.
Ideas Scripts Chart
United States
United Kingdom
India
España
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Billing Sign Out