USDJPY Trade Idea

UJ is currently in a range bound condition after an extended downtrend. UJ is currently forming a squeeze formation against the 103.700 resistance zone. Currently looking for buying opportunities if the price breaks above the 103.700 resistance zone with 104.700 as target or further. However, if the pivot trendline is broken, we could expect the market to re-test 103.000 daily low.

Trade safe.

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