In Asia, Japan will not release any data today and the US will release only one economic data - US-Flash Manufacturing PMI. So there is a big probability the USD/JPY will move with low vowolatility during this day.
Resistance. 3: 102.93.
Resistance. 2: 102.75.
Resistance. 1: 102.55.
Support. 1: 102.29.
Support. 2: 102.08.
Support. 3: 101.88.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.88) and resistance 3 (102.93). 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/43140/