USD/JPY reversing perfectly as expected, remain bearish for further drop
The price has started to reverse perfectly from our selling area as expected. We remain bearish looking to sell below 112.65 resistance (Fibonacci retracement, horizontal overlap resistance, bearish divergence) for a further drop towards 110.90 support (Fibonacci retracement, horizontal overlap support). RSI (55) sees bearish divergence signaling that a strong reversal is impending. However, we […]