CobraVanguard

USD/JPY which would win bulls or bears?

FX:USDJPY   U.S. Dollar / Japanese Yen
Hi every one
U.S. Dollar / Japanese Yen

if you pay attention to the USD/JPY chart you can see that there is an ascending triangle which has not broken yet and there is a regular bearish divergence on both MACD and RSI indicators which means that there might be a decrease in the price but there is also a hidden bullish divergence as well which leaves us thinking that which would win? bulls or bears? our guess is that the price would decrease a bit and than starts to pump to continue the trend!

Traders, if you liked this idea or have your opinion on it, write in the comments, We will be glad.

Things can change...
The markets are always changing and even with all these signals, the market changes tend to be strong and fast!!

Thank you for seeing idea .
Have a nice day and Good luck

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