FX:USDJPY   U.S. Dollar / Japanese Yen
Hello and Happy New Year to everyone!

UJ is due for some correction, and I expect to see a nice push upwards after steadily dropping from price 134.400 since last week. Moving Average indicators are signaling a nice movement up from here as shown.

If the pairing does break into a buy, I am expecting a bit of retracement around 132.600 area to eventually finish back up to the resistance target.

Buy Entry: 131.275
Targets: 131.500 | 131.800 | 132.000 | 132.330 | 132.675 | 132.915 | 133.230 | 133.400
Resistance: 133.600

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