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U.S. Dollar / Japanese Yen
Short

USDJPY Bearish Divergence

By yousufrz
USDJPY

Bearish divergence is apparent at RSI on increase in price which shows weak momentum.

If price is unable to make higher high, then trend reversal is confirmed. In that case, my first target will be between 0.5 and 0.618 Fib level on 1H timeframe.

Please support the idea and comment below.

Thanks and Good luck.
Technical IndicatorsrsidivergenceTrend Analysistrendreversalusdjpyshort
yousufrz

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