31.05.201602:45 Forex Analysis & Reviews: Technical analysis of USD/JPY for May 31, 2016

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In Asia, Japan will release the Housing Starts y/y, Prelim Industrial Production m/m, Unemployment Rate, Household Spending y/y, and the US will release some economic data such as the CB Consumer Confidence, Chicago PMI, S&P/CS Composite-20 HPI y/y, Personal Income m/m, Personal Spending m/m, and Core PCE Price Index m/m. So there is a probability the USD/JPY will move with low to medium volatility during this day.

TODAY'S TECHNICAL LEVELS:

Resistance. 3: 111.41.

Resistance. 2: 111.18.

Resistance. 1: 110.98.

Support. 1: 110.70.

Support. 2: 110.48.

Support. 3: 110.27.

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