The USD/JPY pair bounced slightly during the session on Tuesday, but gave back much of the gains towards the end of the session in order to form a little bit of a shooting star. However, we see me 90 region as a big in a barrier to keep the sellers if they and more likely find us some support. This being the case, we don’t necessarily have the bullish action were looking for in order to start buying this pair again, but if you are more of a long-term trader you may feel comfortable here to simply because you know that the 90 handle should be reactive sooner or later. In the meantime though, or simply looking for a better candle to get involved in.
Written by FX Empire