Technical analysis of USD/JPY for July 31, 2015

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In Asia, Japan will release data on the Housing Starts y/y, Unemployment Rate, National Core CPI y/y, Tokyo Core CPI y/y, and Household Spending y/y. The US will publish economic data about Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Chicago PMI, and Employment Cost Index q/q. So, there is a strong probability that USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.66.

Resistance. 2: 124.41.

Resistance. 1: 124.17.

Support. 1: 123.88.

Support. 2: 123.63.

Support. 3: 123.39.

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The material has been provided by InstaForex Company – www.instaforex.com

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