USDJPY rejected the descending channel resistance.
Price retraced and is testing the 0.5 fibonacci retracement level.
RSI is printing a bearish divergence signal.
We could see a a continuation of the impulsive downward move.
Sell re-entry ⬇️ - breakdown below the previous swing low.
Target 🎯 - descending channel support.
Price retraced and is testing the 0.5 fibonacci retracement level.
RSI is printing a bearish divergence signal.
We could see a a continuation of the impulsive downward move.
Sell re-entry ⬇️ - breakdown below the previous swing low.
Target 🎯 - descending channel support.