USD/JPY Forecast August 12, 2013, Technical Analysis

The USD/JPY pair fell during the Friday session, but as you can see did not clear the bottom of the hammer from Thursday, showing that there is at least some support in the form of 96. However, we believe that the real support is down and 95, and do fully expect that area to hold in the end. On a move above the top of the session highs from Thursday we would be buyers, we would also be buyers on supportive candles below is well though, and it will be looking out for them.



Written by FX Empire