Technical Analysis of USD/JPY for April 28, 2016

Technical Analysis of USD/JPY for April 28, 2016

28 April 2016, 09:32
Roberto Jacobs
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Technical Analysis of USD/JPY for April 28, 2016

In Asia, Japan will release the BOJ Press Conference, Housing Starts y/y, BOJ Core CPI y/y, BOJ Outlook Report, Monetary Policy Statement, Prelim Industrial Production m/m, Retail Sales y/y, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US will release some economic data such as the Natural Gas Storage, Advance GDP Price Index q/q, Unemployment Claims, Advance GDP q/q. 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: 112.18.

Resistance. 2: 111.96.

Resistance. 1: 111.74.

Support. 1: 111.47.

Support. 2: 111.25.

Support. 3: 111.03.


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