Technical Analysis of USD/JPY for July 01, 2016

Technical Analysis of USD/JPY for July 01, 2016

1 July 2016, 10:19
Roberto Jacobs
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Technical Analysis of USD/JPY for July 01, 2016


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In Asia, Japan will release the Consumer Confidence, BOJ Core CPI y/y, Final Manufacturing PMI, Tankan Non-Manufacturing Index, Tankan Manufacturing Index, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US will release some economic data such as the Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing, PMI, and Final Manufacturing PMI. So there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 103.44.

Resistance. 2: 103.24.

Resistance. 1: 103.04.

Support. 1: 102.79.

Support. 2: 102.58.

Support. 3: 102.38.


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