USD/JPY Forecast September 21, 2016, Technical Analysis

The USD/JPY pair initially fell during the day but the market turn right back around to form a bit of a hammer. That hammer of course suggests that we are going to see a little bit of buying in this area, and perhaps try to reach towards the 103 level. With this, I think that we will continue to see quite a bit of choppiness, but I do believe that there is a significant role amount of pressure underneath it will eventually keep this market going higher. Because of this, I have notched in selling I believe that we will eventually break out to the upside.