Technician

USDJPY At resistance, some room for a pullback.

FX:USDJPY   U.S. Dollar/Japanese Yen
2681 14 125
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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aa2016
17 days ago
I agree but I think around 114.400 is a major resistance an opportunity to Short. What do you think?
+1 Reply
fxmoneycontrol
17 days ago
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
Reply
hush320
17 days ago
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
Reply
warcloud
17 days ago
agreed with your take, if this trade gets executed and hits a stop loss, I will be looking to go short again at 112.
Reply
yohan.ramani warcloud
16 days ago
@warcloud, close now
Reply
Marvin
17 days ago
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.
+1 Reply
xgxiagang1
17 days ago
I am join!
Reply
vahid...
16 days ago
see you chart
Reply
Calamity
16 days ago
Buy the pull back !
Reply
yohan.ramani Calamity
16 days ago
@Calamity, ? what do you mean?
short it?
Reply
Calamity yohan.ramani
16 days ago
@yohan.ramani, why u think im trying to be 100% correct and short it, i will never do that lol
Reply
DeeLew PRO
15 days ago
That RSI is gonna turn down soon .. with me on it !
Reply
IshanTripathi
8 days ago
What are your thoughts now??
Reply
gaptraderhq
3 days ago
@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)
Reply
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