EURJPY is testing critical resistance at the 136.70-00 area with extreme overbought reading at the hourly RSI. Although this extreme readings show that there is enough momentum to continue higher, we believe that from current levels or slightly higher price should return at the 130.40-50 area for a pulback. We are going to SELL at current levels with stops above 131.15, having as initial target the 130.40 area. According to the readings after the pullback we will come back with an update...