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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