In Asia, Japan will release the Monetary Policy Meeting Minutes, and the US will release some economic data such as Crude Oil Inventories, 10-y Bond Auction, Consumer Credit m/m, and Fed Chair Yellen Testifies. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.11.
Resistance. 2: 101.91.
Resistance. 1: 101.71.
Support. 1: 101.47.
Support. 2: 101.27.
Support. 3: 101.06.
Please, pay attention to the levels of support 3 (101.06) and resistance 3 (102.11). 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.
Official Analyst of InstaForex Group InstaForex Group http://instaforex.com For more analysis go to: blog.mt5.com/arief My Profile: http://www.mt5.com/forex_analysis_award/profile/index/arief Disclaimer:
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