USD/JPY has a bearish divergence on 4h chart!!!

I see bearish divergence at rsi indicator on 4h chart so this could be a nice chance to short usd/jpy.

Profit Targets:
113.1
113.0
112.7

Stop loss:
113.6

Have a nice a day,

Berk.

עסקה פעילה:

Our trade is still valid and hit our 2nd profit target. I didn't expect the last jump before the drop but a lot of buyers came in till 113.840.

For the 3rd profit target, i am still positive. If this pair breaks inclined support(which is 113.000 price level), we will touch our 3rd target easily.

I hope you enjoyed with my analysis, please follow my account for more trading ideas.

Have a nice day.