Technical Analysis of USD/JPY for May 02, 2016

Technical Analysis of USD/JPY for May 02, 2016

2 May 2016, 08:52
Roberto Jacobs
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Technical Analysis of USD/JPY for May 02, 2016

In Asia, Japan will release the Final Manufacturing PMI and the US will release some economic data such as the Loan Officer Survey, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI. 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: 106.87.

Resistance. 2: 106.66.

Resistance. 1: 106.45.

Support. 1: 106.20.

Support. 2: 105.99.

Support. 3: 105.78.


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


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