USD/JPY intraday technical levels for December 04, 2013
December 4, 2013 6:45 am
We predict the USD/JPY today will move in low volatility in the Asian session market but during the US session this pair will move in moderate volatility, because there is no news from Japan today, but during the US session there will be release of some news like US-ADP Non-Farm Employment Change, US-Trade Balance, US-ISM Non-Manufacturing PMI, US-New Home Sales.
TODAY’s TECHNICAL LEVEL:
Resistance. 3 : 102.94.
Resistance. 2 : 102.74.
Resistance. 1 : 102.54.
Support. 1 : 102.30.
Support. 2 : 102.10.
Support. 3 : 101.89.
DESCRIPTION :
Please, pay attention to the levels of support 3 (101.89) and resistance 3 (102.94). Normally, when a level is touched, USD/JPY rebounds 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.
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
We predict the USD/JPY today will move in low volatility in the Asian session market but during the US session this pair will move in moderate volatility, because there is no news from Japan today, but during the US session there will be release of some news like US-ADP Non-Farm Employment Change, US-Trade Balance, US-ISM Non-Manufacturing PMI, US-New Home Sales.
TODAY’s TECHNICAL LEVEL:
Resistance. 3 : 102.94.
Resistance. 2 : 102.74.
Resistance. 1 : 102.54.
Support. 1 : 102.30.
Support. 2 : 102.10.
Support. 3 : 101.89.
DESCRIPTION :
Please, pay attention to the levels of support 3 (101.89) and resistance 3 (102.94). Normally, when a level is touched, USD/JPY rebounds 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 Companies Group
InstaForex Companies Group
http://instaforex.com
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
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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