USD/JPY Forecast October 11, 2016, Technical Analysis

The USD/JPY pair initially fell during the day on Monday, but then turned around to reach towards the 103.75 region. I do believe that eventually we will continue to go higher, and perhaps reach towards the 105 level over the longer term. A break above there would be an extraordinarily bullish sign, and I do not expect it to happen anytime soon but I do think that given enough time every time we pullback we will find buyers sooner rather than later, so I have no interest whatsoever in selling this particular currency pair.