Technical Analysis of USD/JPY for May 12, 2016
In Asia, Japan will release information on the Economy Watchers Sentiment indicator, 30-y Bond Auction, Bank Lending y/y, the BOJ's Summary of Opinions, and Current Account. The US will release some economic data such as 30-y Bond Auction, Natural Gas Storage, Import Prices m/m, and Unemployment Claims. So there is a probability that the USD/JPY pair will move with low to medium volatility during this day.
TODAY'S TECHNICAL LEVEL:
Resistance. 3: 109.02.
Resistance. 2: 108.81.
Resistance. 1: 108.60.
Support. 1: 108.33.
Support. 2: 108.12.
Support. 3: 107.61.
The material has been provided by InstaForex Company - www.instaforex.com
