USD/JPY Forecast May 13, 2016, Technical Analysis

The USD/JPY pair initially tried to rally during the course of Thursday, but we continue to find a little bit of trouble just below the 110 barrier. This is an area where anticipate that there should be quite a bit of resistance, so therefore I think we will probably fall from here, but if we do break above the 110 level, I believe that we have a clear path of the 112 level. Either way, we will more than likely see a lot of volatility as we have to make a serious decision around this general vicinity.