USD/JPY Analysis – Bearish Divergence Playing Out?
USD/JPY has formed a bearish divergence, signaling a potential trend reversal or correction.
The price made higher highs, while the RSI printed lower highs, indicating weakening momentum. This divergence, coupled with a trendline breakdown, suggests a possible move lower.
The price made higher highs, while the RSI printed lower highs, indicating weakening momentum. This divergence, coupled with a trendline breakdown, suggests a possible move lower.
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.