USD JPY Technical Analysis 29th November, 2016
Technical Analysis Overview
Prev. Close 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)
- 5:00am JPY Household Spending y/y
- 5:00am JPY Unemployment Rate
- 5:20am JPY Retail Sales y/y
- 7:00pm USD Prelim GDP q/q
- 7:00pm USD Prelim GDP Price Index q/q
- 7:30pm USD S&P/CS Composite-20 HPI y/y
- 7:45pm USD FOMC Member Dudley Speaks
- 8:30pm USD CB Consumer Confidence
- 11:10pm USD FOMC Member Powell Speaks