USD/JPY Forecast September 20, 2016, Technical Analysis

The USD/JPY pair fell slightly during the course of the session on Monday, testing the 101.50 level. This is an area that would be slightly supportive, but I believe that there is quite a bit of support all the way down to the 100 level. This is an area that has plenty of buying opportunities just waiting to happen, and as a result it’s likely that the market will grind its way higher. However, you going have to be very patient, as this will be a very difficult market to deal with at the moment. Nonetheless though, I have no interest in selling.