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In Asia, today there is no significant economic data to be released in Japan, but the BOJ Gov Kuroda will speak today. The US will release some economic data such as US-Unemployment Claims, US-Existing Home Sales, US-Philly Fed Manufacturing Index, US-CB Leading Index m/m, US-Natural Gas Storage. So there is a big probability the USD/JPY will move with low to medium volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.87.
Resistance. 2: 102.67.
Resistance. 1: 102.47.
Support. 1: 102.22.
Support. 2: 102.01.
Support. 3: 101.81.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.81) and resistance 3 (102.87). 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,
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.eu
For more analysis go to: blog.mt5.com/arief
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