The USD/JPY pair initially tried to rally during the session on Friday, but as you can see pullback to form a shooting star. However, the shooting star is probably just going to be an opportunity to buy on the pullback, and we believe that any type of supportive candle below here is going to be a nice buying opportunity. However, we are at the end of the year, so we could see some type of significant pullback, but at the end of the day we still believe in the uptrend in this market, and are looking for supportive action in order to get involved again.
Written by FX Empire