The USD/JPY pair had a positive session on Tuesday, and most brokers of course were closed on Christmas. However, the market does look like it’s ready to continue higher, or at the very least go sideways. We believe the 105 level will be had given enough time, and quite frankly even higher levels await. Because of this, we buy on pullbacks, and moves above the 105 level, which of course is a psychologically significant barrier. However, this market looks like it’s taking into a longer-term uptrend, and therefore we have absolutely no interest in selling it.
Written by FX Empire