Daily USD JPY Technical Analysis 29th November, 2016

Daily USD JPY Technical Analysis

USD JPY Technical Analysis 29th November, 2016

Technical Analysis Overview

Prev. Close      111.94
Open               111.94
Day’s Range   111.62 – 112.24
52 wk Range   99.08 – 123.67
1-Year Return  – 8.87%


Technical Support and Resistance

Today Japanese Household Spending economic data shows positive sign more than expected. On the other side unemployment rate remain at 3%. Today Trader will look forward to trade during USA session as there will be few important economic releases.

Daily USD JPY Technical analysis shows USD JPY pair may find the immediate support at 111.14. If, market breaks the first support then it will go for the following support to test. Following supports are 110.33 and 109.34. On the other side the market has immediate resistance 112.94. If, market breaks the primary resistance level then, market will go for the new resistance level 113.93 and 114.74.

Along with technical analysis following economic event are very important to analyze the financial market properly.


Important Economic Events In Japan And USA: (GMT +5.30)

  1. 5:00am            JPY     Household Spending y/y
  2. 5:00am            JPY     Unemployment Rate
  3. 5:20am            JPY     Retail Sales y/y
  4. 7:00pm            USD    Prelim GDP q/q
  5. 7:00pm            USD    Prelim GDP Price Index q/q
  6. 7:30pm            USD    S&P/CS Composite-20 HPI y/y
  7. 7:45pm            USD    FOMC Member Dudley Speaks
  8. 8:30pm            USD    CB Consumer Confidence
  9. 11:10pm          USD    FOMC Member Powell Speaks