On Friday November 15, 2019 there was an established downtrend for USD/JPY. In fact, within the activity of the following price action, there were clear signals of a trend reversal. I took the liberty of pointing out some obvious cases of hidden bearish divergence and also regular bullish divergence. These two indicators pointed out an overall possible reversal. Bulls are exhausted. Warning of possible trend direction change from uptrend to downtrend.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.