USDJPY: Higher High on 1D. Sell signal.

The price has just made a Higher High on the 1D Channel Up (RSI = 63.970, MACD = 0.140, Highs/Lows = 0.7229). With the stochastics turning overbought (STOCH = 71.715, STOCHRSI = 100.00, Williams = -2.309) it is natural to expect a rejection towards a new Higher Low. That should be around 109.200 but following this sell signal we will settle for a higher TP = 109.800.





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