USD/JPY selloff may be over

The USD/JPY has rallied aggressively since election day, but that may be ending now. The "spinning top" of 12/2-12/6 was followed up today with some selling. Current prices are at resistance levels seen in February and March of this year. I would like to see price move below 112 before considering a short trade but the beginning of a reversal pattern today is promising.

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