USDJPY is Bearish
USDJPY is currently extremely bearish, as RSI divergence has appeared on 4H time frame, and with DXY struggling at the moment, it seems that the Yen would get stronger in coming days. If the price successfully prints a new lower high followed by a lower low and also breaks the trendline, it would confirm trend reversal and could lead to a new bearish rally. Targets are mentioned on the chart.
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