USDJPY looks overbought. PMI as well as CFNAI is about to release, both look bearish. We should expect a drop to the bottom of the channel.
Near last week R1, daily R1 RSI 1H, 4H overbought CFNAI looks bearish
Entry around 107.9 PT 106.63, 107.500
As a reminder, BoJ Interest Rate comes out this thursday. I expect it to be bullish, which will sink USDJPY. Of course, I could be wrong and skyrocket. Either way, look out for it.
Trade active
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Trade closed: stop reached
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Keep making the same dumb mistake of entering after session start