Is the USDJPY setting up for a push lower

The USDJPY recently pushed lower off the 106.000 zone and we see price is again hovering up at this resistance area. We are watching for weakness to come into the action especially if the USD index holds above the 90.000 area. Key area for us to watch now is around 105.769 and for a lower high shoulder to play out and pressure buyers for a move down.

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