USDJPY Reversal RSI Divergence

We see here that there is a potential reversal setup.

There is divergence in price action and the RSI indicator.

Pending buy order set at 109.880

We will keep this idea updated if we spot the price action continue to the down side. If that happens we will move our entry to a lower position.

Let us know if you have any questions!

We linked to other ideas that explain this strategy in detail.

Komentarz:

Price action continues to neither move to the upside or downside. It's consolidating which does not break any of our rules. Still not trade activated.

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