Technical analysis of USD/JPY for August 19, 2015

In Asia, Japan will release indices of all industries activity m/m and Trade Balance report. The US will also release some important reports such as FOMC Meeting Minutes, Crude Oil Inventories, Core CPI m/m, and CPI 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: 124.96.

Resistance. 2: 124.72.

Resistance. 1: 124.47.

Support. 1: 124.18.

Support. 2: 123.93.

Support. 3: 123.69.

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