FxWirePro: USD/JPY struggles to extends higher, awaits data for further direction

• USD/JPY trades modestly flat at 124.45, extends range trade for the second consecutive day
   
• Markets await U.S. housing starts and building permits data due later tonight and in the week ahead for further direction
   
• Meanwhile divergent monetary policy outlooks between both the country's central banks likely to keep the pair supported
   
• Immediate resistance for the pair is seen at 124.63 (Daily High Aug 13) followed by 125.28 (Daily High Aug 12)
   
• On the downside supports are located at 125.28 (Daily High Aug 12) and then 124.06 (Daily Low Aug 14)
   

Resistance Levels:

R1: 124.63 (Daily High Aug 13)

R2: 125.28 (Daily High Aug 12)

R3: 125.60 (Hourly High Jun 8)

Support Levels:

S1: 124.19 (21 DMA)

S2: 124.06 (Daily Low Aug 14)

S3: 123.79 (Daily Low Aug 12)