In Asia, Japan will not release any economic reports because of Bank Holiday, and the US will release some economic data such as Trade Balance, IBD/TIPP Economic Optimism. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.55.
Resistance. 2: 102.45.
Resistance. 1: 102.25.
Support. 1: 102.00.
Support. 2: 101.80.
Support. 3: 101.50.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.50) and resistance 3 (102.55). 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/45039/
In Asia, Japan will not release any economic reports because of Bank Holiday, and the US will release some economic data such as Trade Balance, IBD/TIPP Economic Optimism. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.55.
Resistance. 2: 102.45.
Resistance. 1: 102.25.
Support. 1: 102.00.
Support. 2: 101.80.
Support. 3: 101.50.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.50) and resistance 3 (102.55). 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/45039/
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