RSI Divergence signals on Yen pairs

PAIRS IN FOCUS: USDJPY, EURJPY & CADJPY
ACTION: SHORT
HORIZON: SHORT-TERM

Here are some BEARISH RSI divergence signals that just appeared on several Yen pairs: USDJPY, EURJPY and CADJPY.

As per my previous ideas on RSI (link will be attached), we can expect a short-term correction in prices. The arrow in PURPLE is by no means a definite target for your TP.

Determining your own TP and SL is important, and whether this kind of signal (RSI divergence) is something you would include in your trading strategy.