The USD/JPY pair fell during the session on Monday, but as you can see bounced a bit towards the end of the day. In the end, we form something along the lines of a hammer, but we don’t necessarily think that anything has changed in this market. We believe that buying dips will be the way to go going forward, and that eventually the market will break above the 100 level. As far as selling is concerned, we see absolutely no reason in doing so, and think that any time the market falls there will be a buying opportunity based upon supportive candles.
Written by FX Empire