USD/JPY Forecast November 28, 2016, Technical Analysis

USD/JPY daily chart, November 28, 2016

The USD/JPY pair went back and forth during the session on Friday, as the market looks to be running out of steam. Quite frankly, I think this is good news as a pullback would be a nice buying opportunity. I would not be willing to go along at this point, but certainly won’t be selling anytime soon. I hate need to see several days of a selloff to take advantage of what would be “value” in this marketplace. I think the trend is change, and we are going to go much higher over the longer-term.