USD/JPY intraday technical levels for December 27, 2013
December 27, 2013 6:15 amVideo
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Today Japan will release Manufacturing PMI; Household Spending y/y; Tokyo Core CPI y/y; National Core CPI y/y; Unemployment Rate; Prelim Industrial Production m/m; Retail Sales y/y; Average Cash Earnings y/y. The US will release the US-Natural Gas Storage; US-Crude Oil Inventories; so the USD/JPY seems to move with low to medium volatility.
TODAY’s TECHNICAL LEVELS:
Resistance. 3 : 105.39.
Resistance. 2 : 105.18.
Resistance. 1 : 104.98.
Support. 1 : 104.73.
Support. 2 : 104.52.
Support. 3 : 104.32.
DESCRIPTION:
Please, pay attention to the levels of support 3 (104.32) and resistance 3 (105.39). 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
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
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