Hi everyone, I’m presenting a bearish perspective on USDJPY based mainly on two technicals: bearish hidden divergence and historic chart showing similar formation. This certainly seems to contradict the fundamental bullish stance with the upper house elections this month BUT the USDJPY trend did seem to enter its aging stage some time ago.
Being a relative beginner, I wanted to get your opinion on this. I tend to only make long term trades that I’m very certain about and you can see one of my past posts was about a GBPUSD long in April which certainly paid off!
So the similarities are obviously the high angled trend preceding the double tops, followed by a higher high which was followed by a huge drop and then a lower high (and we seem to be at this stage on USDJPY). There is also the divergence in stochastics and MACD indicating a continued bearish decline. The lines are simply to indicate the difference, they’re not some badly drawn trend lines! 
