In Asia, Japan will release the Tertiary Industry Activity m/m, M2 Money Stock y/y, Prelim Machine Tool Orders y/y. The US will release some economic data such as NFIB Small Business Index, JOLTS Job Openings, Wholesale Inventories m/m. So there is a big probability the USD/JPY will move with low volatility during this day.
TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.92.
Resistance. 2: 102.72.
Resistance. 1: 102.52.
Support. 1: 102.27.
Support. 2: 102.07.
Support. 3: 101.87.

DESCRIPTION:
Please, pay attention to the levels of support 3 (102.01) and resistance 3 (103.06). 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.com email: [email protected] For more analysis go to: blog.mt5.com/arief My Profile: http://www.mt5.com/forex_analysis_award/profile/index/arief

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