The USD/JPY pair initially broke higher during the course of the day on Friday, but the 109.50 level offered enough resistance to turn things back around. Ultimately, we ended up forming a shooting star, so of course it looks as if we are ready to pull back a little bit, but at the end of the day we think that pullbacks will simply be buying opportunities at lower levels. We are looking for supportive candles in order to go long, and think that the 107 level would be the first significant candidate for that particular entry.
