Technical Analysis of USD/JPY for May 12, 2016

Technical Analysis of USD/JPY for May 12, 2016

12 May 2016, 09:44
Roberto Jacobs
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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.


2_USDJPY.jp


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

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