USD/JPY Forecast July 14, 2015, Technical Analysis

The USD/JPY pair initially dropped a bit during the session on Monday, but turned around at the 122.50 level. Ultimately, we broke above there and reach towards the 123.50 handle. Ultimately, the market closed towards the top of the range, and therefore we feel that this market should reach towards the 125 level. Ultimately, we believe that pullbacks will continue to be buying opportunities, now that the Greek government looks set to accept austerity. Ultimately, we believe that a break above the 125 level should continue to go much higher. We have no interest whatsoever in selling this market.