Technical analysis of USD/JPY for March 04, 2014
March 4, 2014 7:15 amVideo
Latest News
- Trading plan for GBP/USD on May 31. Simple tips for beginners May 31, 2024
- Trading plan for EUR/USD on May 31. Simple tips for beginners May 31, 2024
- Nasdaq red flags: Salesforce drops index 1% May 31, 2024
- Technical Analysis of Intraday Price Movement of Ripple Cryptocurrency, Friday May 31 2024. May 31, 2024
- Technical Analysis of Intraday Price Movement of Filecoin Cryptocurrency, Friday May 31 2024. May 31, 2024
- Forecast for EUR/USD on May 31, 2024 May 31, 2024
- Forecast for GBP/USD on May 31, 2024 May 31, 2024
- Forecast for USD/JPY on May 31, 2024 May 31, 2024
- Overview of GBP/USD on May 31. The pound is rising again May 31, 2024
- Technical Analysis – US 30 index on the slide for the second week May 30, 2024
- Technical Analysis – Meta stock consolidates below 50-day SMA May 30, 2024
- Analysis of EUR/USD pair on May 30th. An unexpected stop near the 1.0788 mark May 30, 2024
- Euro suffers when ECB announces the first rate cut of the cycle – Special Report May 30, 2024
- Trading Signals for EUR/USD for May 30-31, 2024: buy above 1.0800 (200 EMA – rebound) May 30, 2024
- USD/JPY: Simple trading tips for novice traders for May 30th (US session) May 30, 2024
- Trading Signals for GOLD (XAU/USD) for May 30-31, 2024: buy above $2,345 (oversold – 200 EMA) May 30, 2024
- GBP/USD: Simple trading tips for novice traders for May 30th (US session) May 30, 2024
- EUR/USD: Simple trading tips for novice traders on May 30th (US session) May 30, 2024
- GBP/USD: trading plan for the US session on May 30th (analysis of morning deals). The pound recovered slightly May 30, 2024
- EUR/USD: trading plan for the US session on May 30th (analysis of morning deals). The euro recovered slightly May 30, 2024
In Asia, Japan will release the Monetary Base y/y, Average Cash Earnings y/y, 10-y Bond Auction, and the US will release US-IBD/TIPP Economic Optimism. So there is a big probability the USD/JPY will move with low to medium volatility during this day.
TODAY’s TECHNICAL LEVELS:
Resistance. 3: 102.13.
Resistance. 2: 101.93.
Resistance. 1: 101.73.
Support. 1: 101.49.
Support. 2: 101.29.
Support. 3: 101.09.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.09) and resistance 3 (102.13). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.
Best regards,
Arief Makmur
Official Analyst of InstaForex Group
InstaForex Group
http://instaforex.com
For discussion and more analysis click here.
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
Related Posts: