Technical analysis: Intraday levels for USD/JPY, Dec 07, 2018


In Asia, Japan will release the Leading Indicators and Household Spending y/y. The US will release a batch of economic data such as Consumer Credit m/m, Prelim UoM Inflation Expectations, Final Wholesale Inventories m/m, Prelim UoM Consumer Sentiment, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. Amid the reports of cricual importance on the US labor market, the USD/JPY pair is set to trade with medium to high volatility during this day.


Resistance 3: 113.28

Resistance 2: 113.06

Resistance 1: 112.84

Support 1: 112.57

Support 2: 112.35

Support 3: 112.13

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