USD/JPY Forecast April 4, 2016, Technical Analysis

The USD/JPY pair fell during the course of the session on Friday, breaking below the bottom of the 2 hammers from the previous sessions. Because of this, looks like we are to suddenly going to consolidate in general, and as a result we probably will find buyers below that we can take advantage of as we continue to bounce around between the 111 level on the bottom, and the 114.50 level on the top. Nonetheless, it is going to be a very choppy market, and of course range bound. Because of this we are looking for short-term buying opportunities.