USD/JPY Forecast December 8, 2016, Technical Analysis

The USD/JPY pair went back and forth during the day on Wednesday as we continue to show quite a bit of volatility. I believe that sooner or later we should see a bit of a pullback in order to find enough support below to continue the longer-term move. I think that the 110 level would be an excellent area to find buyers, but I also recognize that the 112.50 level could be as well. Either way, I have no interest in selling this market as it is overly bullish and should continue to be so.

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