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USD/JPY Forecast December 4, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 04 December 2015 05:50 UTC

The USD/JPY pair fell apart during the day on Thursday as we sell broad US dollar selling. However, this was predicated mainly upon the European Central Bank not offering as much stimulus as anticipated, and as a result the Euro gain while the Dollar fell. This particular market is very sensitive to the jobs number, so if we get a decent one, we fully anticipate seen this market head back towards the top of the triangle that is on the chart. We see support below at the 122 handle, and the 121 handle as well.

USD/JPY Forecast December 4, 2015, Technical Analysis

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