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08.04.201404:32 Forex-elemzések és áttekintések: Technical analysis of USD/JPY for April 08, 2014

Long-term review

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In Asia, Japan will release the Current Account, Monetary Policy Statement, Economy Watchers Sentiment, BOJ Press Conference; the US will release some economic data such as NFIB Small Business Index, JOLTS Job Openings. So there is a big probability the USD/JPY will move with low to medium volatility during the Asian session, but with low volatility during the US session.

TODAY's TECHNICAL LEVELS:

Resistance. 3: 103.77.

Resistance. 2: 103.57.

Resistance. 1: 103.35.

Support. 1: 103.11.

Support. 2: 102.91.

Support. 3: 102.70.

DESCRIPTION:

Please, pay attention to the levels of support 3 (102.70) and resistance 3 (103.77). 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

http://instaforex.eu

For more analysis go to: blog.mt5.com/arief

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