USD/JPY Forecast March 27, 2013, Technical Analysis

The USD/JPY pair rose during the session on Tuesday as the 94 handle offered support. We still see this market has been one that you would only buy, and the move for the day while somewhat calm, did confirm that there should be support below. Because of this, we are willing to buy this market now, knowing that the 95 level could offer a bit of resistance. Quite frankly, it comes down to whether or not you are risk averse to the possible resistance or not, knowing that the longer-term trend should continue to drift higher. For us, we are perfectly comfortable buying here.



Written by FX Empire