USD/JPY Forecast December 26, 2016, Technical Analysis

The USD/JPY pair fell slightly during the Friday session, as we continue to show signs of exhaustion. I believe that pullbacks will be great buying opportunities at lower levels, and that’s exactly what I’m looking for. I think that the 115-level underneath continues to be a bit of a “floor” in this market, and that given enough time we will not only test that area but find buyers somewhere near there as well. Ultimately, I believe that this market reaches towards the 120 handle. The market offers no selling opportunity is as far as I can see.