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Short

: BEARISH USDJPY 4 Hour: Consolidating in range;

FX:USDJPY   U.S. Dollar / Japanese Yen
Nov 6 2015: BEARISH USDJPY             4 Hour: Consolidating in range; Sell resistance; Buy support
(Analysis Based on 4 Hour chart)

Observations
1. For the past couple of weeks this pair has been trading in a range.
2. Price broke and close above channel top
3. Price at weekly SR zone
4. RSI overbought
5. RSI regular divergence

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

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