Technician

USDJPY At resistance, some room for a pullback.

FX:USDJPY   U.S. Dollar/Japanese Yen
3343 14 142
The price has approached a resistance area , The price is extremely overbought. A pause and pullback from this area is likely.
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I agree but I think around 114.400 is a major resistance an opportunity to Short. What do you think?
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1st will see 107 area we can buy from there if Intrest rate hike will go there and drop to 112,if no hike will drop bellow 105 agsin
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Thank you technician. Im thinking of shorting this pair once it gives a good price action signal. Looks like a pull back will give a good counter trend move to catch. What do u think
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agreed with your take, if this trade gets executed and hits a stop loss, I will be looking to go short again at 112.
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@warcloud, close now
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I've shorted this pair 3 times in the last 2 weeks and we know the outcome. Picking the top is proving very difficult. It has to give soon. Let's see what your levels bring if it gets that high.
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I am join!
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Buy the pull back !
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@Calamity, ? what do you mean?
short it?
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Calamity yohan.ramani
@yohan.ramani, why u think im trying to be 100% correct and short it, i will never do that lol
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That RSI is gonna turn down soon .. with me on it !
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What are your thoughts now??
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@Technician ... I'm currently holding a lot of UJ short. Would love to see 109ish again. I would love to know your thoughts & advice please. Cheers from Downunder ;o)
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