USD/JPY Forecast August 30, 2016, Technical Analysis

The USD/JPY pair rallied slightly during the course of the session on Monday, but as you can see is still struggling a little bit. However, I do believe that eventually the US dollar continues to grind higher and perhaps reach towards the 105 level. However, expect quite a bit of volatility in it doesn’t look like were quite ready to go higher yet. I’m looking for short-term pullbacks in order to start buying as this market seems to have a bit of a “floor” in the form of the 100 handle. With this, the market should continue to offer buying.

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