Technical analysis of USD/JPY for July 30, 2015

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In Asia, Japan will release data on the Prelim Industrial Production m/m. The US will publish economic data about Natural Gas Storage, Advance GDP Price Index q/q, Unemployment Claims, and Advance GDP q/q. So, there is a strong probability that USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.76.

Resistance. 2: 124.51.

Resistance. 1: 124.27.

Support. 1: 123.98.

Support. 2: 123.73.

Support. 3: 123.49.

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