I think so.. that may be a good reason to not buy
an update: as it goes higher and higher, I burnt my account for the first time
the current uptrend from ~1685 seems to be a good chance to sell more of this pair.
it is still not clear whether the "major support/resistance" 78.70 is break or not.
here the retracement comes.......
now it seems that USD/JPY is testing the 79.00/79.10 resistance. I am wondering if I should hold my short position. From the 4h chart I see a up channel. However it is time for a retracement. any suggestions??
short from 1745 it seems that the aud bull is not dead yet