USD/JPY Forecast February 14, 2017, Technical Analysis

The USD/JPY pair gap tire at the open on Monday as we continue to grind to the upside. It appears that the 114 level is offering a bit of resistance, but I believe it is minor and temporary at best. Pullbacks should be buying opportunities, and thus I am looking for support to go long. On the other hand, if we can break above the top of the range for the Monday session, I think that the market then reach us towards the 115 level after that. Once we break above there, the market can go much higher.