The USD/JPY pair rose again during the session on Wednesday, breaking the top of the shooting star from the Tuesday session. Because of this, we feel that this market certainly has plenty of bullish pressure underneath it in order to go higher, and we expect the market to go to the 110 level. However, we are a little bit overextended at this point in time, so we are looking for some type of supportive candle below. Once we get that, we are more than willing to buy this market as we do anticipate that the market is heading to the 110 level.
