In Asia, Japan will release the Monetary Base y/y, Average Cash Earnings y/y, 10-y Bond Auction and the US will release some economic data such as Factory Orders m/m, IBD/TIPP Economic Optimism, Total Vehicle Sales. 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: 102.93.
Resistance. 2: 102.73.
Resistance. 1: 102.53.
Support. 1: 102.28.
Support. 2: 102.07.
Support. 3: 101.87.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.87) and resistance 3 (102.93). 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/46274/
In Asia, Japan will release the Monetary Base y/y, Average Cash Earnings y/y, 10-y Bond Auction and the US will release some economic data such as Factory Orders m/m, IBD/TIPP Economic Optimism, Total Vehicle Sales. 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: 102.93.
Resistance. 2: 102.73.
Resistance. 1: 102.53.
Support. 1: 102.28.
Support. 2: 102.07.
Support. 3: 101.87.
DESCRIPTION: Please, pay attention to the levels of support 3 (101.87) and resistance 3 (102.93). 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/46274/
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