In Asia, Japan won’t release any economic data today, but the US will reveal such reports as crude oil inventories, durable goods orders m/m, core durable goods orders m/m. Therefore, the USD/JPY is likely to move with low to medium volatility today.
TODAY’S TECHNICAL LEVEL:
Resistance. 3: 101.07.
Resistance. 2: 100.87.
Resistance. 1: 100.67.
Support. 1: 100.43.
Support. 2: 100.23.
Support. 3: 100.03.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com Source: Instaforex.com
In Asia, Japan won’t release any economic data today, but the US will reveal such reports as crude oil inventories, durable goods orders m/m, core durable goods orders m/m. Therefore, the USD/JPY is likely to move with low to medium volatility today.
TODAY’S TECHNICAL LEVEL:
Resistance. 3: 101.07.
Resistance. 2: 100.87.
Resistance. 1: 100.67.
Support. 1: 100.43.
Support. 2: 100.23.
Support. 3: 100.03.
Disclaimer: Trading Forex (foreign exchange) on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
Source: Instaforex.com
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