USD/JPY Forecast September 13, 2016, Technical Analysis

The USD/JPY pair fell during the course of the session on Monday, as currency traders around the world started to buy the Japanese yen as a bit of a safety bid. However, I think that there is a massive amount of support in this market near the 100 level, so it’s only a matter of time before the buyers turn back around and start buying yet again. A supportive candle or an impulsive candle is reason enough to start buying again, perhaps reaching towards the 104 level again. I have no interest whatsoever in selling.

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