Contrary to popular belief, USD/JPY is structurally in a long-term bearish trend since 1971 on a logarithmic scale. What appears to be a recovery is in fact a technical retracement within a broader secular downtrend.
A historic hidden bearish divergence is forming: the RSI has been gradually rising, while the price continues to print lower highs over the decades. This reflects a momentum squeeze within the bearish structure.
We may be standing at the edge of a major rejection zone, where the long-term downtrend could reassert itself forcefully. The market is quietly preparing for a powerful bearish continuation.
A historic hidden bearish divergence is forming: the RSI has been gradually rising, while the price continues to print lower highs over the decades. This reflects a momentum squeeze within the bearish structure.
We may be standing at the edge of a major rejection zone, where the long-term downtrend could reassert itself forcefully. The market is quietly preparing for a powerful bearish continuation.
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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.