Technical analysis of USD/JPY for January 27, 2015

In Asia, Japan will release the SPPI y/y. The US will publish a number of economic reports such as Richmond Manufacturing Index, New Home Sales, CB Consumer Confidence, Flash Services PMI, S&P/CS Composite-20 HPI y/y, Durable Goods Orders m/m, and Core Durable Goods Orders m/m. So, there is a big probability the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 119.10.

Resistance. 2: 118.87.

Resistance. 1: 118.63.

Support. 1: 118.35.

Support. 2: 118.12.

Support. 3: 117.88.

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