USD/JPY Forecast March 26, 2013, Technical Analysis

The USD/JPY pair fell during the session on Monday, as the 95 level continued to offer resistance. In fact, we the market even fell below the 94 handle, but bounced back over that level by the end of the US session. Looking at this chart, there seems to be a lot of noise below the 94 handle, going all the way down to the 91 handle. Because of this, we think it’s only a matter of time before this market bounces, but we do not see that supportive candle yet. Going forward, we are looking to buy this market, but we need to get that buy signal first.



Written by FX Empire