Technical Analysis of USD/JPY for March 04, 2016

Technical Analysis of USD/JPY for March 04, 2016

4 March 2016, 08:13
Roberto Jacobs
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Technical Analysis of USD/JPY for March 04, 2016

In Asia, Japan will release the Average Cash Earnings y/y. As for the US, economic reports will be also released such as Unemployment Rate, Trade Balance, Non-Farm Employment Change, and Average Hourly Earnings m/m. So there is a probability the USD/JPY pair will move with medium to high volatility during this day.


2_USDJPY


TODAY'S TECHNICAL LEVEL:

Resistance. 3: 114.07.

Resistance. 2: 113.85.

Resistance. 1: 113.63.

Support. 1: 113.35.

Support. 2: 113.13.

Support. 3: 112.91.


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

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