20.12.201113:01 Forex Analysis & Reviews: GOLD Intraday Technical analysis

In Asia, Japan will not release any economic data, but the US will release some economic data such as ADP Non-Farm Employment Change, Trade Balance, Revised Nonfarm Productivity q/q, Revised Unit Labor Costs q/q, Final Services PMI, ISM Non-Manufacturing PMI, Crude Oil Inventories, Beige Book . 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: 103.10.
Resistance. 2: 102.90.
Resistance. 1: 102.70.
Support. 1: 102.45.
Support. 2: 102.25.
Support. 3: 102.05.

DESCRIPTION:
Please, pay attention to the levels of support 3 (102.05) and resistance 3 (103.10). 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.
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