USD/JPY – Techs suggest pair is overbought short-term

  • Techs show USD/JPY is overbought in short-term
  • Pair has been struggling in the past few sessions, ran into good supply pre-104.20
  • Profit-taking flows noted from longs
  • RSI negative divergence on the hourly and daily
  • Key support lies at 103.20/30
  • Topside, resistance at 104.20, 104.90 and then 105.44, which is the post-Abenomics high

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