FX.co ★ Intraday technical levels for USD/JPY for December 19, 2013

During the Asian session, Japan will release All Industries Activity Index m/m. Unemployment Claims, Existing Home Sales, Philly Fed Manufacturing Index, CB Leading Index m/m, Natural Gas Storage will be announced at the US trading session. Based on this data, we predict that the USD/JPY trading will be slightly volatile within the Asian session, and during the US trading session, volatility will be medium.

Today’s technical levels:
Resistance 3: 103.47.
Resistance 2: 103.27.
Resistance 1: 103.07.
Support 1: 102.82.
Support 2: 102.62.
Support 3: 102.41.

Description:
Please, pay attention to the levels of support 3 (102.41) and resistance 3 (103.47). Normally, when a level is touched, USD/JPY will rebound from the previous low by 10 to 20 pips, but if the level is broken through by over 50 pips, then it will be a sign that this currency pair has found a trend today.

Best regards,

Arief Makmur

Official Analyst of InstaForex Group
InstaForex Group
https://instaforex.com
blog.mt5.com/arief
https://www.mt5.com/forex_analysis_award/profile/index/arief

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