Tuesday Market Analysis: USD/JPY

Hello traders,

Let’s hit them charts:

 

1. USD/JPY

A hidden bearish divergence can be spotted, and price has also reached a key resistance zone.

Yes, Tuesday is CPI news on the USD (2.30 pm), but if the 4-hour time frame gives us a bearish candlestick pattern, then we can join the sellers to the first TP, and second TP

That said, caution must be applied 

 

What say you?

 

NOTE:

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