The USD/JPY pair rose during the session on Monday, breaking out above the 103 level. That is a significant break out as far as we’re concerned, showing that we will continue to have bullish pressure to the upside. Next, if we can break above the highs for the session on Monday, we believe that this market will continue to go higher, probably the 105 level. With that, we feel that this market will continue to go higher than that even, and that pullback should offer buying opportunities going forward. Selling is not a possibility.
