The USD/JPY pair broke higher during the day on Friday, breaking the top of the hammer that informed on Thursday. On top of that, we close above the 104 level so we feel that this market should continue to go higher, probably aiming for the 105 level. That level of course will be resistive, but ultimately we feel that this market will break out above there. Even if we fell down here, we feel that the 103 level should be supportive as well. In other words, we are only buying this pair and not selling it.
