USD/JPY Forecast February 10, 2017, Technical Analysis

The USD/JPY pair broke higher during the day on Thursday, clearing the 112.50 level. A break above the top of the candle for the session well send this market looking towards the 115 handle. Pullbacks should continue to be supported, and I believe that the longer-term trend is going to continue to the upside. I have no interest in selling, and believe that the demise of this uptrend was reported far too soon. If we can break above the 115 handle, the market should continue to go even higher, perhaps reaching towards the 118.50 level.

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