Technical Analysis of USD/JPY for May 04, 2016

Technical Analysis of USD/JPY for May 04, 2016

4 May 2016, 09:36
Roberto Jacobs
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Technical Analysis of USD/JPY for May 04, 2016

In Asia, today Japan will not release any economic data but the US will release some economic data such as Crude Oil Inventories, Factory Orders m/m, the ISM Non-Manufacturing PMI, Final Services PMI, Trade Balance, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, ADP Non-Farm Employment Change. 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: 107.15.

Resistance. 2: 106.94.

Resistance. 1: 106.73.

Support. 1: 106.48.

Support. 2: 106.27.

Support. 3: 106.06.


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