In Asia, Japan will release the Capital Spending q/y and Final Manufacturing PMI, and the US will release some economic data such as Final Manufacturing PMI, ISM Manufacturing PMI, Construction Spending m/m, ISM Manufacturing Prices. So there is a big probability USD/JPY will move with low to medium volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.45.
Resistance. 2: 102.25.
Resistance. 1: 102.05.
Support. 1: 101.80.
Support. 2: 101.60.
Support. 3: 101.40.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.40) and resistance 3 (102.45). 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/46230/