Daily Outlook is Bullish H&S Reversal pattern but not yet complete. Hourly Momentum high @ 108.62, has failed to continue higher. [2 candles closed below 108.62] Daily Resistance is @ 108.45 area which has been tested once today, a break below 108.45 will intensify more selling in the usdjpy pair.
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So, USDJPY is luring more buyers in. This is a normal reaction and the most attractive postion is to short this pair. I will keep udating this trade. Best area to short is 108.45