USDJPY - Bearish Divergence Next Low
Updated
Hi Traders!
The market was moving up after it broke out and retested the resistance at 106.700.
Then it moved along until it reached the resistance at 108.300.
After that its ranging and it totally losts volatility.
Now we see a bearish divergence of the MACD.
We expect the market to brake out and to make a new swing low at around 106.700.
Thanks and good luck!
The market was moving up after it broke out and retested the resistance at 106.700.
Then it moved along until it reached the resistance at 108.300.
After that its ranging and it totally losts volatility.
Now we see a bearish divergence of the MACD.
We expect the market to brake out and to make a new swing low at around 106.700.
Thanks and good luck!
Trade active
Ok Traders! After the false breakout we're in now! Let's wait and see :)!Thanks and good luck!
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