The USD/JPY pair initially fell during the session on Friday, but as you can see found enough support at the 102 level in order to go higher and form a hammer yet again. If we can get above the 103 level, we feel that the market will continue to go higher, probably aiming for the 105 level given enough time. That is exactly what we want to see, and therefore we are buyers above 103. Any pullback at this point time will more than likely meet support, and therefore we are looking for supportive candles lower in order to go long as well.
