USD/JPY Forecast March 18, 2013, Technical Analysis

The USD/JPY pair fell during the session on Friday, but found the 95 handle as supportive. We are still widely bullish of this market, and as a result we want to see some type of supportive candle in order to start buying. We think the president supportive area runs down to the 94.50 handle, and as such we are more than willing to be patient and wait for that supportive candle. Once we see it, we are willing to buy it and expect the move to the 98 handle over the next couple of weeks. Regardless, we are not selling this pair.



Written by FX Empire