Date: 07th October, 2015
Currency Pair: USDJPY
USDJPY fallen sharply to test 119.83 price level i.e. 2nd support for today. Now the pair is trading above 1st support i.e. 120.02. The pair is showing some mixed directional move ahead of “BOJ Press Conference”. Today’s key support levels are at 120.02, 119.83 and 119.56.
On other hand 120.48 is offering a strong resistance. Beyond this level 120.75 and 120.94 are other resistance levels.
From technical point of view the pair is bearish as the pair had already test 2nd support. In addition, today we’ve some important economic events, specially related to JPY. Beas is bearish for today.
Today’s Economic Events
|USD||FOMC Member Williams Speaks||Medium|
|JPY||Monetary Policy Statement||High|
|JPY||BOJ Press Conference||High||0.69|1.2|
|USD||Crude Oil Inventories||Medium||2.2M||4.0M|
|USD||10-y Bond Auction||Low||2.24|2.7|
4 Hours Chart
Daily Support And Resistance Levels