USD/JPY Forecast March 24, 2015, Technical Analysis

The USD/JPY pair went back and forth during the course of the session on Monday, as the 120 level offered resistance. However, we believe that ultimately this market will find enough buyers to push this particular market higher, and with that if we can break above the top of the range for the Monday session we are buyers. We recognize that we should then go to the 122 handle, and then eventually the 125 handle. We have no plans whatsoever on selling this market as the US dollar is the favored currency in the world right now although it is starting to pull back a little bit overall.


USD/JPY Forecast March 24, 2014, Technical Analysis