In Asia, Japan will not release any economic data, but the US will release some economic data such as US-S&P/CS Composite-20 HPI y/y, US-HPI m/m, US-CB Consumer Confidence, US-New Home Sales, US-Richmond Manufacturing Index. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.74.
Resistance. 2: 102.54.
Resistance. 1: 102.34.
Support. 1: 102.09.
Support. 2: 101.89.
Support. 3: 101.69.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.69) and resistance 3 (102.74). 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/43194/
In Asia, Japan will not release any economic data, but the US will release some economic data such as US-S&P/CS Composite-20 HPI y/y, US-HPI m/m, US-CB Consumer Confidence, US-New Home Sales, US-Richmond Manufacturing Index. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.74.
Resistance. 2: 102.54.
Resistance. 1: 102.34.
Support. 1: 102.09.
Support. 2: 101.89.
Support. 3: 101.69.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.69) and resistance 3 (102.74). 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/43194/
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