USD/JPY Forecast February 6, 2017, Technical Analysis

The USD/JPY pair initially rally during the day on Friday, but turned around to form a shooting star. The shooting star sits on top of the 101.50 level, which is massively supportive. If we can break down below the bottom of the support level, which I see extending down to the 111.50 level, then we could drop. On the other hand, if we break above the top of the shooting star for the session on Monday, then the market should then go reaching towards the 115 level above. Currently, the only thing that I can guarantee is that were going to see a lot of volatility.

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