FX.co ★ USD/JPY intraday technical levels for December 03, 2013

After the Asian session starts, there will be release of some news from Japan like Average Cash Earnings y/y, Monetary Base y/y and for the US market session there will be release of some news like IBD/TIPP Economic Optimism, Total Vehicle Sales, so we predict today's volatility for the USD/JPY will move in slow to moderate condition.

TODAY's TECHNICAL LEVEL:

Resistance. 3 : 103.62.

Resistance. 2 : 103.41.

Resistance. 1 : 103.22.

Support. 1 : 102.96.

Support. 2 : 102.76.

Support. 3 : 102.56.

DESCRIPTION:

Please, pay attention to the levels of support 3 (102.56) and resistance 3 (103.62). Normally, when a level is touched, USD/JPY rebounds from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it is a sign that these currencies have found trends today.

Best regards,

Arief Makmur

Official Analyst of InstaForex Companies Group

InstaForex Companies Group

https://instaforex.com

blog.mt5.com/arief

https://www.mt5.com/forex_analysis_award/profile/index/arief

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