Technical analysis of USD/JPY for November 19, 2015
November 19, 2015 6:20 amVideo
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In Asia, Japan will release data on results of the BOJ Press Conference, All Industries Activity m/m, Monetary Policy Statement, and Trade Balance. The US will unveil economic data om the Natural Gas Storage, CB Leading Index m/m, Philly Fed Manufacturing Index, and Unemployment Claims. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 124.07.
Resistance. 2: 123.82.
Resistance. 1: 123.59.
Support. 1: 123.28.
Support. 2: 123.04.
Support. 3: 122.80.
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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