In this chart of long period we can see easily the HKD/JPY bearish trend ( see the trend line ) that began after the 2015 peak , this trend is confirmed also in the medium term with the RSI oscillator that is to 48 at the moment In the coming day i expect an acceleration in the main trend , if will happen a right target could to see the static support placed to 13.3
On weekly chart it looks like price enters to buy zone. It climbed above 34 and 55 EMA. We have divergence in MACD on daily chart. ADX is bellow 25. I expect drop here. Price may reach 13.99 till September.
We have a bearish divergence at this moment on the HKD/JPY and its CCI oscillator, such pattern come just in the moment the pair meet a static resistance of short period . A set that could cause a correction In this case the pair could go down at least to strike the lower band provided by the Bollinger bands with Fibonacci ratios .