After the Asian session starts, there will be release of some news from Japan like Average Cash Earnings y/y, Monetary Base y/y and for the US market session there will be release of some news like IBD/TIPP Economic Optimism, Total Vehicle Sales, so we predict today's volatility for the USD/JPY will move in slow to moderate condition.
TODAY's TECHNICAL LEVEL:
Resistance. 3 : 103.62.
Resistance. 2 : 103.41.
Resistance. 1 : 103.22.
Support. 1 : 102.96.
Support. 2 : 102.76.
Support. 3 : 102.56.
DESCRIPTION:
Please, pay attention to the levels of support 3 (102.56) and resistance 3 (103.62). 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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