The USD/JPY pair fell significantly during the course of the session on Friday, breaking down below the bottom of the shooting star that formed on Thursday. However, we see plenty of support just below, so having said that we are waiting to start buying once we get a supportive candle. The 120 handle below should be massively supportive, and having said that we are simply waiting on the sidelines see whether or not we get a supportive candle to start buying. With that being said, we are on the sidelines but waiting to start going long soon.
