The USD/JPY pair went back and forth during the session on Friday, essentially settling nothing by the end of the day. However, this market is decidedly bullish, and therefore we will not short it. We would love to see some type of pullback to the 101 level, where we would be more than willing to buy supportive candles. Ultimately though, we think this is a “buy and hold” type of market, so buying is the only way to go. Because of this, we will continue to buy this market every time it dips, as it should provide value.
Written by FX Empire