USD/JPY Forecast May 29, 2015, Technical Analysis

The USD/JPY pair initially rose during the course of the day on Thursday, but until the momentum could not continue. Because of this, the market ended up pulling back and while that is a somewhat negative sign, we are actually very bullish of this market and realize that a pullback should offer value that we can take advantage of. We are buyers on supportive candles below, and believe that ultimately this market will then head to the 125 level. We have no interest in selling at all, and believe that eventually we will reach towards the 125 level.