Technical Analysis of USD/JPY for March 08, 2016

Technical Analysis of USD/JPY for March 08, 2016

8 March 2016, 08:28
Roberto Jacobs
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Technical Analysis of USD/JPY for March 08, 2016

In Asia, Japan will release the Economy Watchers Sentiment, Consumer Confidence, 30-y Bond Auction, Final GDP Price Index y/y, Bank Lending y/y, Final GDP q/q, and Final GDP q/q. The US will release some economic data on the NFIB Small Business Index. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day.


2_USDJPY


TODAY'S TECHNICAL LEVEL:

Resistance. 3: 113.39.

Resistance. 2: 113.17.

Resistance. 1: 112.95.

Support. 1: 112.68.

Support. 2: 112.46.

Support. 3: 112.23.


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



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