The USD/JPY pair fell during the session on Tuesday, but as you can see bounced a little bit towards the end of the day. We have now filled the gap from the weekend completely, and as a result this pair should continue to find support in this general vicinity. Even if we fell from here, we believe that the 101.50 level should offer support, and as a result we would be buying any type of supporting candle. We would also by a fresh new high as it would show a shift in upward momentum.
Written by FX Empire