Technical analysis of USD/JPY for January 28, 2015

In Asia, Japan will not release any economic data but the US will publish some economic reports such as Federal Funds Rate, FOMC Statement, and Crude Oil Inventories. So, there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 118.70.

Resistance. 2: 118.47.

Resistance. 1: 118.24.

Support. 1: 117.95.

Support. 2: 117.72.

Support. 3: 117.49.

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