USD/JPY Forecast March 26, 2014, Technical Analysis

The USD/JPY pair did very little during the session on Tuesday, as we continue to hang about the 102.25 area. This being the case, it appears the markets are simply grinding its way sideways, but we know that there is a fairly significant longer-term uptrend line not too far from now, and as a result we feel that the market should continue to go higher eventually. Pullbacks should offer buying opportunities, especially once we see supportive action. A break out to the upside in above the 102.75 level would be enough to get us to buy as well.