Technical Analysis of USD/JPY for May 09, 2016

Technical Analysis of USD/JPY for May 09, 2016

9 May 2016, 10:02
Roberto Jacobs
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Technical Analysis of USD/JPY for May 09, 2016

In Asia, Japan will release the Consumer Confidence, Average Cash Earnings y/y, Monetary Policy Meeting Minutes, and the US will release some economic data such as the Labor Market Conditions Index m/m, and Mortgage Delinquencies. 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: 108.01.

Resistance. 2: 107.80.

Resistance. 1: 107.59.

Support. 1: 107.32.

Support. 2: 107.11.

Support. 3: 106.90.


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