In Asia, Japan will release the Leading Indicators and the US will not release any economic data. So there is a big probability USD/JPY will move with low volatility today.
Todays technical levels:
Resistance. 3: 102.69.
Resistance. 2: 102.49.
Resistance. 1: 102.29.
Support. 1: 102.03.
Support. 2: 101.83.
Support. 3: 101.63.
Description:
Please, pay attention to the levels of support 3 (101.63) and resistance 3 (102.69). Normally, when the 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/47768/