In Asia, Japan will not release any economic data and the US will release some economic news such as Building Permits, Core CPI m/m, CPI m/m, Housing Starts. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.50.
Resistance. 2: 102.30.
Resistance. 1: 102.10.
Support. 1: 101.85.
Support. 2: 101.65.
Support. 3: 101.45.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.45) and resistance 3 (102.50). 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/46863/
In Asia, Japan will not release any economic data and the US will release some economic news such as Building Permits, Core CPI m/m, CPI m/m, Housing Starts. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.50.
Resistance. 2: 102.30.
Resistance. 1: 102.10.
Support. 1: 101.85.
Support. 2: 101.65.
Support. 3: 101.45.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.45) and resistance 3 (102.50). 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/46863/
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