Today data on Tertiary Industry Activity m/m, 30-y Bond Auction, Consumer Confidence, Prelim Machine Tool Orders y/y, etc. will be released in Japan, but when the US market opens there will not be released news from the US. So for today we predict the price action from USD/JPY will move in a moderate volatility.
TODAY's TECHNICAL LEVELS:
Resistance 3: 100.03.
Resistance 2: 99.83.
Resistance 1: 99.64.
Support 1: 99.40.
Support 2: 99.21.
Support 3: 99.01.
DESCRIPTION:
Please pay attention to the levels of support 3 (99.01) and resistance 3 (100.03). 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.
Best regards,
Arief Makmur
Official Analyst of InstaForex
InstaForex
https://instaforex.com
Email: Arief.jakarta@indo.instaforex.com
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief
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