USD/JPY Forecast February 18, 2014, Technical Analysis

The USD/JPY pair rose during the session on Monday, testing the 102 level again. This area could offer a little bit of resistance, but ultimately we believe that the market will in fact go higher. In fact, we still believe in the 105 level as being obtainable, and with that we are bullish of this market and do not sell it. We have been adding to a position in small bits here and there in order to take advantage of will we believe is going to be a long-term uptrend. Selling is not an option.