USD/JPY Forecast February 13, 2013, Technical Analysis

The USD/JPY pair fell during the session on Tuesday, and tested the 93 handle. However, we think that this pullback is more than likely just going to be the start of another buying opportunity, as we believe this market is going much, much higher. In fact, we really like buying this pair on pullbacks, and although we do not have the technical signal to do so yet, we believe that looking for buying opportunities on shorter time frame charts is probably going to be the way to go going forward. We do not sell this market, with the Bank of Japan in our corner; we feel no need to change sides.

 

USD/JPY Forecast February 13, 2013, Technical Analysis

Written by FX Empire