The USD/JPY pair fell during the session on Tuesday, but found a little bit of support in order to form a candle that suggests we could eventually break out to the upside. Ultimately though, it is not until we break above the 120.50 level that we will start buying. On the other hand, if we drop from here, we would be looking to buy supportive candles as although we have been very consolidated, the truth is that the longer-term trend to the upside should now be what the market focuses on going forward.
