AlkalineFX

USDJPY: Compression Phases

Short
FX:USDJPY   U.S. Dollar / Japanese Yen
This pair has been in the process of collecting liquidity between the strong supply and demand zones.

You will see that small ranges and compression points have been created to lure both buyers and sellers into the market.

We won't truly know what price wants to do until it reaches the main supply I have marked out.

Once this zone is met, we can investigate the reaction and see if sellers are ready to take over.

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