USD/JPY 1 Hr Chart Possible Pre-Breakout Formation

U.S. Dollar/Japanese YenFXCM

Description

⋅ Apr 16, 2014 6:13 PM

Buying pressure on the 1 hour with a solid resistance area around 102.36. Possible squeeze if we see 20 EMA carry price in addition to lower volatility near resistance of 102.36. First target would be 102.52 and second target would be 102.62.

USD (US Dollar)breakout hour formation