USD/JPY Forecast December 31, 2014, Technical Analysis

The USD/JPY pair fell during the bulk of the session on Tuesday, but as you can see bounced a bit towards the end of the session. Because of this, it looks like there are buyers below, and that really should be much of a surprise as we have seen such a strong uptrend. With that, we feel that the buyers will continue to enter this market every time it falls, and therefore we look at all supportive looking candles as potential buying opportunities and a chance to add to already long positions.

 

USD/JPY Forecast December 31, 2014, Technical Analysis