USD/JPY intraday technical levels for November 13, 2013
November 13, 2013 8:15 amVideo
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From Japan data on Core Machinery Orders m/m and CGPI y/y will be released; and from the US market there will be no news today; so for today’s trade we will get a Low to Moderate Volatility price action movement for the USD/JPY pair.
TODAY’s TECHNICAL LEVELS:
Resistance 3: 100.02.
Resistance 2: 99.82.
Resistance 1: 99.63.
Support 1: 99.38.
Support 2: 99.19.
Support 3: 98.99.
DESCRIPTION:
Please pay attention to the levels of support 3 (98.99) and resistance 3 (100.02). 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
InstaForex
http://instaforex.com
Email: [email protected]
blog.mt5.com/arief
http://www.mt5.com/forex_analysis_award/profile/index/arief
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The material has been provided by InstaForex Company – www.instaforex.com
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