USDJPY sell

As it is, USDJPY seems it is clearly in an uptrend. However, this uptrend is overextended as indicated by RSI and the steep trendline it has formed. I am expecting a pullback to the 0.236 fibonacci retracement area, where it will meet the acsending trendline. From there we can expect further growth.

In conclusion: Short term sell, long term buy

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