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Technical analysis: Important Intraday Levels for USD/JPY, May 31, 2019

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In Asia, Japan will release the Housing Starts y/y, Consumer Confidence, Retail Sales y/y, Prelim Industrial Production m/m, Unemployment Rate, and Tokyo Core CPI y/y. The US will also publish some economic data such as Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So there is a probability the USD/JPY pair will move with low to medium volatility during this day. TODAY'S TECHNICAL LEVELS: Resistance. 3: 109.91. Resistance. 2: 109.70. Resistance. 1: 109.48. Support. 1: 109.21. Support. 2: 109.00. Support. 3: 108.78. (Disclaimer)

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