I would say still a good short. Still in a downtrend, Has potential to go to 1.05. I feel for it to be long would have to break above the line mentioned in the graph. Also 10EMA still below 25 EMA. I would go short in the evening as it looks like today it would run.
Went short on the this pair after the RSI and Stock indicated it was overbought. I went on the 15minute chart for a day trade. Went well! Target almost hit but decided to take profits at 0.74450, about 3 pips away. Felt some resistance. sometimes better to not be greedy. I am happy with how it turned out.
Here USDJPY is testing the upper channel after it found support at 100.400 region. If it breaks this with volume will change the trend and will go up. if not it will be pushed back down to 100.4 level.