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Technical analysis of USD/JPY for March 10, 2015

!USDJPY.jpg

In Asia, Japan is expacted to release the prelim machine tool orders y/y and M2 money stock y/y. The US will publish economic data about the wholesale inventories m/m, the JOLTS job openings, and the NFIB small business index. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 122.19.

Resistance. 2: 121.95.

Resistance. 1: 121.72.

Support. 1: 121.42.

Support. 2: 121.19.

Support. 3: 120.95.





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