USDJPY Forex Pair Analysis

USDJPY Forex Pair Analysis

Time Frame : 4 Hour Chart

Watch for Buy Entry Setup

USDJPY has fallen from grace as price has been hit hard the last few trading sessions. What that does mean is that there is a lot of fuel lined up on the short side for a squeeze and run higher. We are now watching support to see how it holds and whether some sellers are willing to lock in some gains to trigger buyers into action.

Currency Pair : USDJPY

Current Price : 106.926

Status : On watch for a bounce off support