FX.co ★ Technical analysis of USD/JPY for July 25, 2014

In Asia, Japan will release the SPPI y/y, National Core CPI y/y, Tokyo Core CPI y/y, and the US will release some economic data such as Durable Goods Orders m/m, Core Durable Goods Orders m/m. So there is a big probability the USD/JPY will move with low to medium volatility during the day.

TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.29.
Resistance. 2: 102.09.
Resistance. 1: 101.89.
Support. 1: 101.64.
Support. 2: 101.44.
Support. 3: 101.24. DESCRIPTION:
Please, pay attention to the levels of support 3 (101.24) and resistance 3 (102.29). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
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