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Technical analysis of USD/JPY for December 04, 2014

!USDJPY.jpg

Today, Japan will not release any economic news, but the US will publish some economic data such as Challenger Job Cuts y/y, Unemployment Claims, and Natural Gas Storage. So, there is a big probability the USD/JPY pair will move with low volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.47.

Resistance. 2: 120.24.

Resistance. 1: 120.00.

Support. 1: 119.72.

Support. 2: 119.49.

Support. 3: 119.25.


The material has been provided by InstaForex Company - www.instaforex.com