USD/JPY Forecast September 7, 2016, Technical Analysis

The USD/JPY pair initially tried to rally during the course of the session on Tuesday, but turn right back around to form a rather negative candle. Ultimately, this is a market that should continue to grind all the way down to the 100 level if we do pickups a momentum, but we are in an area where we could find enough support to turn things back around and form a bit of a supportive candle that would be a nice buying opportunity. Ultimately, I don’t think that were quite ready to make a decision yet, but it would not surprise me to see some type of bullish action.