In Asia, Japan will not release any economic data, and the US will release some economic data such as Flash Manufacturing PMI, New Home Sales, Crude Oil Inventories. So there is a big probability the USD/JPY will move with low volatility during the Asian and US sessions.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 103.16.
Resistance. 2: 102.96.
Resistance. 1: 102.76.
Support. 1: 102.50.
Support. 2: 102.30.
Support. 3: 102.10.
DESCRIPTION:
Please, pay attention to the levels of support 3 (102.10) and resistance 3 (103.16). 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/44492/