USDJPY (110.91): The USDJPY currency pair managed to seek out some gains as price action briefly broke past the resistance level of 110.62. Still, the fact that the breakout above level was not triggered by strong price action leaves the risk of a correction in prices. The 4-hour Stochastics remains in the overbought level which also validates this view. In the event of a correction, the USDJPY currency pair could be seen holding the declines onto the rising trend line once again
