@sophie90 on USDJPY | PriceONN Community
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This USDJPY surge looks like a classic bull trap waiting to happen. They push it up to grab all the retail longs just before a sharp reversal. Look at that RSI sitting way up in the overbought zone, screaming danger. I'd be very careful about chasing this move higher, especially with the Fed rate hike talk heating up again. It's all set up for a big fall.