In the early morning after the Asian market start, there will be a release of some news from Japan like Monetary Policy Statement; BOJ Press Conference; and during the US market session, there will be a release of some important news such as the US - PPI m/m; US - Unemployment Claims; and some not very important news such as the US - Flash Manufacturing PMI; and the US Natural Gas Storage US - Flash Manufacturing PMI; and the US - Philly Fed Manufacturing Index . We predict the price action of this pair will be under moderate volatility within the US session.
TODAY's TECHNICAL LEVELS:
Resistance. 3 : 100.89.
Resistance. 2 : 100.69.
Resistance. 1 : 100.36.
Support. 1 : 100.25.
Support. 2 : 100.05.
Support. 3 : 99.85.
DESCRIPTION:
Please, pay attention to the levels of support 3 (99.85) and resistance 3 (100.89). 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 Group
InstaForex Group
https://instaforex.com
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief
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