USD/JPY is nearing a zone that could provide a good short opportunity
-Price action is approaching resistance from a multi-month trend line that goes back to February. -As shown on the chart, there a previous structure zone where support turned into resistance. -The MACD and RSI is showing bearish divergence, with both reaching lower highs while price action hit higher highs. -After the strong price advance over the last several days, we may be seeing at least some retracement, or a continuation of the current downtrend.