USD/JPY Forecast October 7, 2016, Technical Analysis

The USD/JPY pair rose again during the course of the session on Thursday, and as a result it should go looking for the 105 level. Keep in mind that the market is very sensitive to the jobs number coming out today, so having said that any pullback at this point in time will be more or less a “knee-jerk reaction”, and as a result will more than likely offer value of the week and start buying. I have no interest in selling this pair right now, and every time it pulls back I start looking for opportunities to go long.

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