In Asia, Japan will release the Current Account, Final GDP q/q, Bank Lending y/y, Final GDP Price Index y/y, Economy Watchers Sentiment; meanwhile, the US will not release any economic data today. So there is a big probability the USD/JPY will have low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 103.60.
Resistance. 2: 103.40.
Resistance. 1: 103.20.
Support. 1: 102.95.
Support. 2: 102.75.
Support. 3: 102.54.
DESCRIPTION: Please, pay attention to the levels of support 3 (102.54) and resistance 3 (103.60). 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/42546/
In Asia, Japan will release the Current Account, Final GDP q/q, Bank Lending y/y, Final GDP Price Index y/y, Economy Watchers Sentiment; meanwhile, the US will not release any economic data today. So there is a big probability the USD/JPY will have low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 103.60.
Resistance. 2: 103.40.
Resistance. 1: 103.20.
Support. 1: 102.95.
Support. 2: 102.75.
Support. 3: 102.54.
DESCRIPTION: Please, pay attention to the levels of support 3 (102.54) and resistance 3 (103.60). 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/42546/
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