USDJPY SHORT IDEA
-Price is below 200 EMA.
-Expanding Wedge formation.
-Bearish divergence; double top on RSI, as price creates a new HH (Higher High).
-Expanding Wedge formation.
-Bearish divergence; double top on RSI, as price creates a new HH (Higher High).
Note
(Journal) due to the large impulse, it seems the bulls have regained momentum and there is a chance that bulls may break out to go higher.
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