In Asia, Japan will not release any economic data today and the US will release some economic data such as US-Empire State Manufacturing Index, US-TIC Long-Term Purchases, US-Capacity Utilization Rate, US-Industrial Production m/m, US-NAHB Housing Market Index. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 101.97.
Resistance. 2: 101.77.
Resistance. 1: 101.57.
Support. 1: 101.33.
Support. 2: 101.13.
Support. 3: 100.92.
DESCRIPTION:
Please, pay attention to the levels of support 3 (100.92) and resistance 3 (101.97). 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/42844/