Technical Analysis of USD/JPY for April 29, 2016

Technical Analysis of USD/JPY for April 29, 2016

29 April 2016, 09:06
Roberto Jacobs
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Technical Analysis of USD/JPY for April 29, 2016

In Asia, today Japan will not release any economic data but the US will release some economic data such as the Treasury Currency Report, Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, Employment Cost Index q/q, and Core PCE Price Index m/m. 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: 108.60.

Resistance. 2: 108.39.

Resistance. 1: 108.18.

Support. 1: 107.92.

Support. 2: 107.71.

Support. 3: 108.49.


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


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