With only small impact news from Japan like BSI Manufacturing Index, Tertiary Industry Activity m/m, M2 Money Stock y/y, 30-y Bond Auction, Consumer Confidence, Prelim Machine Tool Orders y/y and from the US such as NFIB Small Business Index; JOLTS Job Openings; Wholesale Inventories m/m; it seems USD/JPY today will move with low to modearate volatility.
TODAY's TECHNICAL LEVELS:
Resistance. 3 : 103.76.
Resistance. 2 : 103.55.
Resistance. 1 : 103.35.
Support. 1 : 103.10.
Support. 2 : 102.89.
Support. 3 : 102.69.
DESCRIPTION:
Please, pay attention to the levels of support 3 (102.69) and resistance 3 (103.76). 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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