USD/JPY Forecast March 4, 2016, technical Analysis

The USD/JPY pair fell a bit during the course of the session on Thursday, as it looks like we are ready to return to the overall consolidation that we have been in for some time, which means we could very well drop to the 112 level. On the other hand, if we get an explosive jobs number out of the United States, this market will break above the 115 level finally and start reaching at higher levels. At this point in time though, it looks as if the sellers are running the show.