USD/JPY Forecast July 30, 2013, Technical Analysis

The USD/JPY pair did almost nothing during the session on Monday and as a result we feel that this market is essentially trying to find support somewhere around the 98 handle yet again. With that being said, we feel that this market should continue to be bullish over the long run, but we are currently right now trying to find the right support in order to start buying again. Right now, we do not have the candle, but we absolutely positively have no interest in selling this pair. The Bank of Japan is going to continue to make the Yen as unattractive as possible.



Written by FX Empire