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    Technical analysis of USD/JPY for August 04, 2015


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    In Asia, Japan will release the 10-y Bond Auction, Average Cash Earnings y/y, and Monetary Base y/y. The US will release some economic data such on the Loan Officer Survey, IBD/TIPP Economic Optimism, and Factory Orders m/m. So, there is a strong probability that USD/JPY will move with low to medium volatility during the day.


    Resistance. 3: 124.64.

    Resistance. 2: 124.39.

    Resistance. 1: 124.15.

    Support. 1: 123.86.

    Support. 2: 123.61.

    Support. 3: 123.37.

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