Thursday, December 15, 2016

Technical Analysis Of USD/JPY For Dec 15, 2016

Technical Analysis Of USD/JPY


In Asia, Japan will release the Flash Manufacturing PMI. On the dollar front, the US will present a series of economic reports such as TIC Long-Term Purchases, Natural Gas Storage, NAHB Housing Market Index, Flash Manufacturing PMI, Empire State Manufacturing Index, Current Account, Unemployment Claims, Philly Fed Manufacturing Index, Core CPI m/m, and CPI m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance 3: 118.24.

Resistance 2: 118.00.

Resistance 1: 117.78.

Support 1: 117.49.

Support 2: 117.26.

Support 3: 117.03.

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