Technical Analysis of USD/JPY for March 03, 2016

Technical Analysis of USD/JPY for March 03, 2016

3 March 2016, 08:46
Roberto Jacobs
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Technical Analysis of USD/JPY for March 03, 2016

In Asia, Japan will not release any economic data. However, the US will release a series of economic reports such as Natural Gas Storage, Factory Orders m/m, ISM Non-Manufacturing PMI, Final Services PMI, Revised Unit Labor Costs q/q, Revised Nonfarm Productivity q/q, Unemployment Claims, and Challenger Job Cuts y/y. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.

2_USDJPY


TODAY'S TECHNICAL LEVEL:

Resistance. 3: 114.33.

Resistance. 2: 114.10.

Resistance. 1: 113.88.

Support. 1: 113.61.

Support. 2: 113.38.

Support. 3: 113.16.


The material has been provided by InstaForex Company - www.instaforex.com


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