ChrisThein
Short

USD/JPY 60min Double Top, Daily RSI Bullish Divergence

FX:USDJPY   U.S. Dollar/Japanese Yen
There is potential double top on the 60min at 108.59. Price ran right into some structure. The overall trend is bearish and this looks like a relief really. I would have my stop just above structure at around 108.79 and look to take profits at 107.40. Now on the Daily there is some bullish divergence on the RSI . I think price will pull back to the 107.30's level before making a stronger push up. Good luck trading out there.
TradZ
8 months ago
GREAT Analysis as I caught this as well:) I said it would head up before down due to the DAILY chart and I was right! I said it would hit 108.8 before heading down which it seemed everyone was going for today lol
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TradZ
8 months ago
Oops! Looks like you was also wrong lol I just read over your statement. I hope people start listening to me now:) You have to be up all types of hours in order to understand why I knew it would head up first plus, it's a feeling just like music and whatever it is you can feel. Enjoy the rest of your night or morning depending on where your@:)
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ChrisThein PRO TradZ
8 months ago
Thanks for your comment. Price blew through the trade on the lower time frame. It may go straight up to 111.00-111.30's before pulling back. We'll wait and see.
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