USD/JPY Forecast September 6, 2016, Technical Analysis

USD/JPY markets fell during the day on Monday, as we continue to see quite a bit of volatility in this pair. I believe that the 102.50 level below is supportive though, so sooner or later the buyers will return. A supportive candle is reason enough to go long, and with that being the case I think it’s only a matter of time before we start buying and aiming towards the 105 level above as it is a massive resistance barrier. Ultimately, this is a market that has quite a bit of bullish pressure underneath so I am interested in going long.

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