The USD/JPY today will move in low volatility during the Asian session but will move low to medium volatility during the European and the US market session, because there is no data release from Japan expected during the Asian session but during the US market session some data like US Final Services PMI, US ISM Non-Manufacturing PMI, US Factory Orders m/m will be released.

TODAY's TECHNICAL LEVEL:  

Resistance. 3 : 104.83.

Resistance. 2 : 104.63.

Resistance. 1 : 104.42.

Support. 1    : 104.17.

Support. 2    : 103.96.

Support. 3    : 103.75. 

DESCRIPTION  :

Please, pay attention to the levels of support 3 (103.75) and resistance 3 (104.83). Normally, when a level is touched, USD/JPY rebounds from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it is a sign that these currencies have found trends today. 

Best regards,

Arief Makmur

Official Analyst of InstaTrade Companies Group

InstaTrade Companies Group

http://ifxtrade.club

blog.mt5.com/arief

http://www.mt5.com/forex_analysis_award/profile/index/arief

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