The USD/JPY pair had a slightly bullish day on Tuesday as the market went back and forth. The long-legged doji that formed signals that the market is still trying to figure out the next move. However, the recent move has been so bullish that it is hard for us to think about selling this market at all. If it falls, we consider it a possible buying opportunity, and would buy signs of support below. The breaking of the top of the range renews confidence in the market and we would add at that point to our already long position.
Written by FX Empire