USD/JPY Forecast July 28, 2015, Technical Analysis

The USD/JPY pair fell during the session on Monday, but did find a little bit of support near the 123 handle. There is a gap at this particular area from early June, so we feel that it would make sense if we bounce to from here. Nonetheless, we have no interest whatsoever in selling this market. We are looking for bounces or supportive candles in order to go long as this market should test the 125 handle again before too long from now. Ultimately, we believe that we break above there, and continue to head towards the 130 handle.