The USD/JPY pair went back and forth during the session on Wednesday falling just below the 102 level. The candle going back and forth during the session on Wednesday suggests that we are trying to find some type of support down in this general vicinity, after falling so harshly during the session on Tuesday. With that in mind, we believe that this market will eventually go higher, and we do believe in the long-term validity of the uptrend. That being the case, a break above the highs from the session on Wednesday is enough for us to start buying again.
