Dollar Yen Squeeze

Good day Dynamic Traders,


We have mentioned the "Musketeers" recently and you will notice since the news last week price on the main Dollar currency pairs has been consolidating after the large moves.


Its been a while since we looked at the Dollar Yen. The 240 timeframe chart below is displaying a squeeze formation. After reaching Fib reversal levels price has retraced a nominal amount and is coming into a squeeze. Note the trendline resistance which price has bounced from several times. This is one for the watchlist to see if it breaks through the trendline and heads for the 100 area again.














Good Trading!
Bijal Shah

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