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technical-analysis-of-usdjpy-for-dec-08-2016

Technical analysis of USD/JPY for Dec 08, 2016

USDJPY.jpg

In Asia, Japan will release the Economy Watchers Sentiment, 30-y Bond Auction, Final GDP Price Index y/y, Bank Lending y/y, Final GDP q/q, and Current Account. On the dollar front, the US will also publish some economic news such as Natural Gas Storage and Unemployment Claims. 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: 114.29.

Resistance 2: 114.05.

Resistance 1: 113.80.

Support 1: 113.58.

Support 2: 113.35.

Support 3: 113.13.

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The material has been provided by InstaForex Company - www.instaforex.com