Technical Analysis of USD/JPY for April 12, 2016

Technical Analysis of USD/JPY for April 12, 2016

12 April 2016, 08:00
Roberto Jacobs
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Technical Analysis of USD/JPY for April 12, 2016

In Asia, Japan will release the Prelim Machine Tool Orders y/y, Bank Lending y/y and the US will release some economic data such as the Federal Budget Balance, Import Prices m/m, NFIB Small Business Index. So there is a probability the USD/JPY will move with low to medium volatility during this day.


2_USDJPY.jpg


TODAY'S TECHNICAL LEVELS:

Resistance. 3: 109.59.

Resistance. 2: 109.18.

Resistance. 1: 108.79.

Support. 1: 108.29.

Support. 2: 107.89.

Support. 3: 107.48.


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


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