The USD/JPY pair shot straight up on Friday again as the nonfarm payroll numbers came out as expected in the United States. This market continues in bullish run, and there’s definitely nothing that looks like resistance in the immediate future. However, we like the idea buying pullbacks as this market has ran so far in such a little amount of time. Because of this, we will be patient and wait for those little pullbacks in order to get long of this market, and perhaps use short term charts such as the hourly in order to get involved. As for selling, there’s absolutely no way we would do so.
Written by FX Empire