In Asia, Japan will release its Current Account, Final GDP q/q, Bank Lending y/y, Final GDP Price Index y/y, Consumer Confidence, and Economy Watchers Sentiment. Meanwhile, the US will not release any economic data today. So there is a big probability the USD/JPY will move with low volatility today.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 103.06.
Resistance. 2: 102.86.
Resistance. 1: 102.66.
Support. 1: 102.41.
Support. 2: 102.21.
Support. 3: 102.01.
DESCRIPTION: Please, pay attention to the levels of support 3 (102.01) and resistance 3 (103.06). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Read more: https://www.instaforex.com/forex_analysis/46506/
In Asia, Japan will release its Current Account, Final GDP q/q, Bank Lending y/y, Final GDP Price Index y/y, Consumer Confidence, and Economy Watchers Sentiment. Meanwhile, the US will not release any economic data today. So there is a big probability the USD/JPY will move with low volatility today.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 103.06.
Resistance. 2: 102.86.
Resistance. 1: 102.66.
Support. 1: 102.41.
Support. 2: 102.21.
Support. 3: 102.01.
DESCRIPTION: Please, pay attention to the levels of support 3 (102.01) and resistance 3 (103.06). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Read more: https://www.instaforex.com/forex_analysis/46506/
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