Technical analysis of USD/JPY for May 27, 2016

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In Asia, Japan will release the BOJ’s Core CPI y/y, National Core CPI y/y, Tokyo Core CPI y/y while the US will publish some economic data, including Revised UoM Inflation Expectations, Revised UoM Consumer Sentiment, Prelim GDP Price Index q/q, and Prelim GDP q/q. So there is a probability that the USD/JPY will move with low to medium volatility during this day.

TODAY’S TECHNICAL LEVEL:

Resistance. 3: 110.44.

Resistance. 2: 110.22.

Resistance. 1: 110.01.

Support. 1: 109.75.

Support. 2: 109.53.

Support. 3: 109.32.

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

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