In Asia Japan will publish Trade Balance, Flash Manufacturing PMI, and the US will release some economic data such as Unemployment Claims, Flash Manufacturing PMI, New Home Sales, Natural Gas Storage. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.08.
Resistance. 2: 101.88.
Resistance. 1: 101.68.
Support. 1: 101.43.
Support. 2: 101.23.
Support. 3: 101.03.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.03) and resistance 3 (102.08). 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/48546/
In Asia Japan will publish Trade Balance, Flash Manufacturing PMI, and the US will release some economic data such as Unemployment Claims, Flash Manufacturing PMI, New Home Sales, Natural Gas Storage. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.08.
Resistance. 2: 101.88.
Resistance. 1: 101.68.
Support. 1: 101.43.
Support. 2: 101.23.
Support. 3: 101.03.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.03) and resistance 3 (102.08). 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/48546/
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