In Asia, Japan will release the Monetary Base y/y and the US will release some economic data such as ADP Non-Farm Employment Change, Factory Orders m/m, Crude Oil Inventories. So there is a big probability the USD/JPY will move with low to medium volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 104.35.
Resistance. 2: 104.15.
Resistance. 1: 103.94.
Support. 1: 103.69.
Support. 2: 103.48.
Support. 3: 103.28.
DESCRIPTION:
Please, pay attention to the levels of support 3 (103.28) and resistance 3 (104.35). 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/43569/