As shown in the chart, USDJPY has reached resistance. The overextended bull run is about to end.
Traders can look for sell opportunities between 111.95-112.20 with SL above 112.50
TPs can be placed at 111.20, 110.50 and 110 respectively.
Over the course of the next 4-8 weeks, UJ might drop as low as 108 or 107