USD/JPY and AUD/USD Forecast December 29, 2017

The US dollar broke down significantly during the trading session on Thursday, slicing below the 113 level. We did bounce a bit though, and I think that if we can break above the 113 handle, the market may continue to go bit higher. However, if we were to break down below the bottom of the candle for the session on Thursday, I think we could probably drop towards the 112 level. With a lack of volume in the marketplace, it’s likely that we will see a bit of choppiness. At this point though, I am much more comfortable buying this market on a break to the upside, but more than likely will only do so after New Year’s Day, as the volume will pick up. This will be especially true after the jobs number comes out for December. for more analysis: http://www.dailyforex.com