In Asia, Japan will not release any economic data’s because of the Bank Holiday and the US will not release any statistics too. So there is a big probability the USD/JPY will move with low or medium volatility during this day.
TODAY’s TECHNICAL LEVELS:
Resistance. 3: 102.86.
Resistance. 2: 102.66.
Resistance. 1: 102.46.
Support. 1: 102.21.
Support. 2: 102.00.
Support. 3: 101.80.
Please, pay attention to the levels of support 3 (101.80) and resistance 3 (102.86). 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
For more analysis go to: blog.mt5.com/arief
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