18.03.201505:17 Forex Analysis & Reviews: Technical analysis of USD/JPY for March 18, 2015

Long-term review

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In Asia, Japan will release the reports on its Trade Balance and BOJ Monthly Report, and the United States will unveil economic data on Federal Funds Rate, FOMC Statement, FOMC Economic Projections, and Crude Oil Inventories. So there is a big probability that the USD/JPY pair will move with low volatility during the Asian session, but with medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.91.

Resistance. 2: 121.67.

Resistance. 1: 121.44.

Support. 1: 121.15.

Support. 2: 120.91.

Support. 3: 120.67.

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