USD/JPY Forecast April 24, 2017, Technical Analysis

The USD/JPY pair fell slightly during the day on Friday as we continue to bang around in a consolidated area. I think given enough time, the market should then reach towards the 110 level above, and I believe that the 108-level underneath is massively supportive. Ultimately, this is a market that goes back and forth in this general area as far as I can see, and with that being the case I think it’s only a matter of time before range bound traders push the market in one direction or the other repeatedly.