EUR/JPY: Worth selling if 108.00 resistance holds

Keep an eye on the hourly chart here; the market is currently struggling to break above 107.60 and even if it does, there is more resistance in the form of another hourly high at 108.00. I must say that I have no strong view on this pair, but it looks to me that if the 108.00 resistance level is confirmed, then the possibility of a sharp sell-off is greatly increased. Perhaps if we get the technical confirmation today, and no BOJ action tomorrow, that might trigger such an event? Certainly the risk-reward possibilities look excellent.