We predict today the USD/JPY will move from slow to moderate because a few news will be released, during the Asian sesion there is only one news release from Japan: Retail Sales y/y, and the US market is closed for the Thanksgiving holiday.
TODAY's TECHNICAL LEVEL:
Resistance. 3 : 102.58.
Resistance. 2 : 102.38.
Resistance. 1 : 102.18.
Support. 1 : 101.93.
Support. 2 : 101.73.
Support. 3 : 101.53.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.53) and resistance 3 (102.58). Normally, when a level is touched, USD/JPY rebounds from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it is a sign that these currencies have found trends today.
Best regards,
Arief Makmur
Official Analyst of InstaForex Companies Group
InstaForex Companies Group
https://instaforex.com
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief
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