The US dollar went back and forth during the course of the session on Wednesday against the Japanese in. We are overextended at this point, so I believe that a pullback from here is more than likely going to offer nice buying opportunities based upon support. I think that the “floor” is near the 105 level. I would be surprised if we pulled back that far though, but that’s what I’m using as my baseline. I’m waiting to see a supportive candle after short-term pullback in order to go along yet again.
