Technical analysis: Intraday levels for USD/JPY, Nov 05,2018
November 5, 2018 7:22 am
In Asia, Japan will release the BOJ Monetary Policy Meeting Minutes. At the same time, the US will also release some economic data such as Loan Officer Survey, ISM Non-Manufacturing PMI, and Final Services PMI. So, there is a probability the USD/JPY pair will move with low to medium volatility duringthis day.
TODAY’S TECHNICAL LEVEL:
Resistance. 3: 113.77
Resistance. 2: 113.52
Resistance. 1: 113.32
Support. 1: 113.05
Support. 2: 112.83
Support. 3: 112.61
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
In Asia, Japan will release the BOJ Monetary Policy Meeting Minutes. At the same time, the US will also release some economic data such as Loan Officer Survey, ISM Non-Manufacturing PMI, and Final Services PMI. So, there is a probability the USD/JPY pair will move with low to medium volatility duringthis day.
TODAY’S TECHNICAL LEVEL:
Resistance. 3: 113.77
Resistance. 2: 113.52
Resistance. 1: 113.32
Support. 1: 113.05
Support. 2: 112.83
Support. 3: 112.61
Disclaimer: Trading Forex (foreign exchange) on margin carries a highlevel of risk, and may not be suitable for all Traders or Investors.The high degree of leverage can work against you as well as for you.Before deciding to invest in foreign exchange you should carefullyconsider your investment objectives, level of experience, and riskappetite. The possibility exists that you could sustain a loss of someor all of your initial investment and therefore you should not investmoney that you cannot afford to lose. You should be aware of all therisks associated with foreign exchange trading, and seek advice froman independent financial advisor if you have any doubts.
The material has been provided by InstaForex Company – www.instaforex.com
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