USDJPY - Monthly Trend line + Horizontal resistance
Price finally made it to 123 level. And now its time to look for shorts.
Bearish candlesticks on Weekly/Daily timeframe near 123 will probably be the first clue. This could be a long term play, probably a couple of months to target the break out level at 106.428
RSI is also showing a hidden bearish divergence!!!
Bearish candlesticks on Weekly/Daily timeframe near 123 will probably be the first clue. This could be a long term play, probably a couple of months to target the break out level at 106.428
RSI is also showing a hidden bearish divergence!!!
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