USD/JPY Forecast November 3, 2014, Technical Analysis

The USD/JPY pair broke out during the session on Friday, clearing the 110 level in the process. That being the case, it appears of the market is ready to go much higher, and probably head to the 115 handle. We have been bullish of this market for some time, and then as a result we are continuing to buy this market every time it pulls back. We think that the market will continue to be very bullish for a very long time, as the uptrend continues. We have no interest whatsoever in selling this market.

 

USD/JPY Forecast November 3, 2014, Technical Analysis