Main Quotes Calendar Forum
flag

FX.co ★ USD/JPY analysis for May 22, 2023 - Hidden bearish divergence and potential for the downside movement

parent
Forex Analysis:::2023-05-22T07:17:40

USD/JPY analysis for May 22, 2023 - Hidden bearish divergence and potential for the downside movement

Technical analysis:

USD/JPY analysis for May 22, 2023 - Hidden bearish divergence and potential for the downside movement

USD/JPY has been trading upside downside on Friday and I see rally this morning and potential for the downside continuation,

Due to the breakout of the rising trend-line in the background and hidden bearish divergence this morning, I see potential for the downside continuation.

Downside objectives are set at 136.60 and 135.75

RSI oscillator is showing hidden bearish divergence, which is very good sign for the further downside movement towards lower references.

Key resistance level is set at the price of 138.65

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...