Technical Analysis of USD/JPY for May 11, 2016

Technical Analysis of USD/JPY for May 11, 2016

11 May 2016, 12:36
Roberto Jacobs
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Technical Analysis of USD/JPY for May 11, 2016


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In Asia, Japan will release the leading indicators. The US will release some economic data such as Federal Budget Balance, 10-y Bond Auction, and Crude Oil Inventories. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVEL:

Resistance. 3: 109.52.

Resistance. 2: 109.30.

Resistance. 1: 109.09.

Support. 1: 108.82.

Support. 2: 108.61.

Support. 3: 108.40.


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