Technical analysis of USD/JPY for December 29, 2015

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In Asia, Japan will not release significant economic news, but the US is expected to publish economic data on the CB Consumer Confidence, S&P/CS Composite-20 HPI y/y, and Goods Trade Balance. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.95.

Resistance. 2: 120.71.

Resistance. 1: 120.48.

Support. 1: 120.18.

Support. 2: 119.94.

Support. 3: 119.71.

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