USD/JPY Forecast November 11, 2015, Technical Analysis

The USD/JPY pair initially tried to rally during the course of the day on Tuesday, but pulled back enough to form a little bit of a shooting star. Ultimately, we believe that this market will fall from here, but we look at that pullback as a buying opportunity, not a selling opportunity. There is quite a bit of bullish pressure underneath, so therefore we are looking for supportive candles on pullbacks in order to start buying again as the market is trying to build up enough momentum to reach towards the 125 level.