In Asia, Japan will release the 30-y Bond Auction and the US will release some economic data such as Challenger Job Cuts y/y, Unemployment Claims, and Natural Gas Storage. So there is a big probability that the USD/JPY will move with low to medium volatility today
Today's technical levels:
Resistance. 3: 103.13.
Resistance. 2: 102.93.
Resistance. 1: 102.73.
Support. 1: 102.48.
Support. 2: 102.28.
Support. 3: 102.08.
Description: Please, pay attention to the levels of support 3 (102.08) and resistance 3 (103.13). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips. However, 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/46394/
In Asia, Japan will release the 30-y Bond Auction and the US will release some economic data such as Challenger Job Cuts y/y, Unemployment Claims, and Natural Gas Storage. So there is a big probability that the USD/JPY will move with low to medium volatility today
Today's technical levels:
Resistance. 3: 103.13.
Resistance. 2: 102.93.
Resistance. 1: 102.73.
Support. 1: 102.48.
Support. 2: 102.28.
Support. 3: 102.08.
Description: Please, pay attention to the levels of support 3 (102.08) and resistance 3 (103.13). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips. However, 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/46394/
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