USDJPY Trade Idea

UJ is currently in a range bound condition where the price action is choppy. However, we are beginning to see a squeeze formation with higher lows sequence below the 103.70 resistance zone. Will be looking for short-term long opportunities if the 103.70 resistance is broken, with 104.70 as the primary target. However, if the pivot trendline is broken, we could expect the price to re-test the 103.00 daily low.

Trade safe.

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