USDJPY Sell Opportunity (Short)

It looks like price has run out of steam at a strong resistance level and will start to pull back. We've got bearish divergence on multiple indicators.
I do believe monthly + weekly outlook is bullish but we have an opportunity to take 50+ pips from the market here with a tight stop.

Daily timeframe upper resistance of channel has been touched:

MACD shows bearish divergence:

RSI shows bearish divergence:

Trade stängt: målet nått:

Closed early at +35pips as we touched the EMA50 on 4-hour timeframe and we have bullish divergence on the lower timeframes. A pullback is expected and as we traded a pullback, I did not favour keeping it open any longer for 15pips more.