Technical analysis of USD/JPY for Feb 15, 2018
February 15, 2018 5:21 amVideo
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In Asia, Japan will release the Revised Industrial Production m/m and Core Machinery Orders m/m data, and the US will release some Economic Data such as TIC Long-Term Purchases, Natural Gas Storage, NAHB Housing Market Index, Industrial Production m/m, Capacity Utilization Rate, Unemployment Claims, Philly Fed Manufacturing Index, Empire State Manufacturing Index, Core PPI m/m, and PPI m/m. So there is a probability the USD/JPY will move with a low to medium volatility during this day.
TODAY’S TECHNICAL LEVEL:
Resistance. 3: 107.06.
Resistance. 2: 106.85.
Resistance. 1: 106.64.
Support. 1: 106.38.
Support. 2: 106.18.
Support. 3: 105.96.
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
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