11.12.201504:42 Forex Analysis & Reviews: Technical analysis of USD/JPY for December 11, 2015

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In Asia, Japan will not release any economic data, but the US will publish data on the Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Core PPI m/m, Retail Sales m/m, PPI m/m, and Core Retail Sales m/m. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 122.66.

Resistance. 2: 122.42.

Resistance. 1: 122.18.

Support. 1: 121.89.

Support. 2: 121.65.

Support. 3: 121.41.

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