During the Asian session, there will be such new releases as Monetary Base y/y, 10-y Bond Auction, and during the US session, there will be news releases like US Trade Balance, US IBD/TIPP Economic Optimism, so we predict that today the USD/JPY will move in low to moderate ways.
TODAY's TECHNICAL LEVEL :
Resistance. 3 : 104.85.
Resistance. 2 : 104.65.
Resistance. 1 : 104.44.
Support. 1 : 104.19.
Support. 2 : 103.98.
Support. 3 : 103.77.
DESCRIPTION:
Please, pay attention to the levels of support 3 (103.77) and resistance 3 (104.85). 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 will be 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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