Seeing a textbook bearish divergence on USDJPY – price making higher highs while volume fades. Breakdown from the rising wedge confirms weakness, and I’m eyeing a short entry around 149.18–149.74 (Fib 50%-78.6%). Stoch RSI overbought across multiple timeframes, EMA resistance holding… Looks like a clean setup for a drop toward 146.91. Let’s see if the rejection plays out.
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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.