USD/JPY Reaches “Overbought” Resistance

Following up on yesterday’s USD/JPY momentum set up, now that the move has broken higher, the obvious question is whether the intraday resistance along the 82.80 minor psychological level will hold. This level is what I call a “breadcrumb”…a clue to where selling pressure will likely come in (again)…

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USD/JPY Reaches “Overbought” Resistance

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