USDJPY Forex Pair Analysis

USDJPY Forex Pair Analysis

Time Frame : 30 Min Chart

Watch for Sell Entry Setup

The USDJPY recently pushed lower off the 106.000 zone and we see price is again hovering up at this resistance area. We are watching for weakness to come into the action especially if the USD index can not hold above the 90.000 area. Key area for us to watch now is around 105.769 and for a lower high shoulder to play out and pressure buyers for a move down.

Currency Pair : USDJPY

Current Price : 105.880

Status : On watch for a sell entry setup