The USD/JPY pair fell rather drastically during the Friday session, but all things considered we are still very bullish overall. Looking at this chart, it makes sense of the 100 level cause quite a bit of resistance, but we think that this market looks like a good one to buy on pullbacks. We certainly wouldn’t sell it with the Bank of Japan out there lurking, so we are looking to find some type of supportive candle below. We think that the 97 handle is a decent enough candidate and the 95 handle most certainly is as well.
Written by FX Empire