Wednesday, December 14, 2016

Technical Analysis Of USD/JPY For Dec 14, 2016

Technical Analysis Of USD/JPY

In Asia, Japan will release the Revised Industrial Production m/m, Tankan Non-Manufacturing Index, and Tankan Manufacturing Index. The US will post a series of economic news such as Federal Funds Rate, FOMC Statement, Crude Oil Inventories, Business Inventories m/m, Industrial Production m/m, Capacity Utilization Rate, Core PPI m/m, Retail Sales m/m, PPI m/m, and Core Retail Sales m/m. So there is a probability the USD/JPY pair will move with medium to high volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance 3: 115.78.

Resistance 2: 115.55.

Resistance 1: 115.33.

Support 1: 115.06.

Support 2: 114.83.

Support 3: 114.60.

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