USDJPY Trading Idea

Price reached 118.00 level and formed bearish divergence with RSI. It's time for closing all long trades with good profit. We have a signal for possible down movement. Open short trades, when MACD histogram and ADX line start falling. Place stop orders above the resistance level 118.00. Profit targets are Moving Averages with 20, 50 and 100 periods. You can search for entry levels on the daily and hourly charts.