USDJPY Bearish Divergence

Price and RSI formed a bearish divergence at the strong resistance level. It's a reversal signal and we have short opportunity. Entry level for short trades should be below MA20 if the market breaks this line. Stop orders must be placed above 112.00 level and take-profit orders near 110.500 and 110.00 support levels. MACD histogram is going to confirm down movement. RSI confirms price reversal from the resistance level. DMI allows open short trades and if ADX line falls below 20, we'll have additional confirmation for down movement. Don't forget to follow your money management rules.