USDJPY Forex Pair Analysis

USDJPY Forex Pair Analysis

Time Frame : 1 Hour Chart

Watch for Buy Entry Setup

USDJPY is holding above the 106.623 level that we expect to lead to a squeeze on recent sellers and a push up through 106.923. If the action plays out to plan, we will be on watch for divergence from the Stochastics and a short squeeze rally to the 107.500 zone.

Currency Pair : USDJPY

Current Price : 106.733

Status : On watch for a break above 106.923 and Buy entry setup