The USD/JPY pair went back and forth during the session on Friday, essentially proving that the 100 level should offer little bit of support, and this of course is bullish as far as we can tell. A break of the highs from the Friday session is more than enough of a reason to start buying, and we believe this market will eventually head towards the 103 level over the course of the next couple of weeks. Pullbacks to show supportive candles should offer buying opportunities going forward as well. With that in mind, we do not sell.
Written by FX Empire