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USD/JPY Long Trade


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@Nelsy-Boy, usdjpy has a mind of it's own and won't always play along with the other currencies and can go the opposite way to the other usd pairs so you are right to think you could go long one and short another if the TA sets up that way.

In the chart above price is trying to break that recent resistance level but keep an eye on possible RSI divergence and also that big spike may have distorted the cloud somewhat.


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I would stick to major peaks and troughs, they need to be significant. The chart and the indicator need to line up so though you have minor peaks on the indicator but there are no real corresponding peaks/troughs on the chart until that dip down to RSI 50 then rise just before the Feb marker. The minor stuff on the indicator I would consider to be just noise.

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