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The USDJPY is ready to pop as the Dollar rallies

Long
U.S. Dollar / Japanese Yen (FX:USDJPY)  
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FX:USDJPY   U.S. Dollar / Japanese Yen
Trend Analysis Chart Patterns Beyond Technical Analysis fx currency currencytrading USDJPY yen priceaction buysignal
6
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trendanalysis chartpattern beyondta fx currency currencytrading usdjpy yen priceaction buysignal
The USDJPY has been holding above the 108.145 zone in a sign of strength as safe haven YEN buyers take a break and the USD rallies. There will be a few sellers that will be starting to feel the pinch if price pushes up through 108.890 so they will need to buy back their positions. Expect to see a squeeze up to 110.570 to extend the current leg higher.

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