USD/JPY intraday technical levels for November 25, 2013
November 25, 2013 6:15 amVideo
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Today no important news will be released in Japan, but during the US trading session some meaningful information will be released. It refers to the US Pending Home Sales, correlated with the US economic health and with the tapering issue.
TODAY’s TECHNICAL LEVELS:
Resistance. 3 : 102.22.
Resistance. 2 : 102.02.
Resistance. 1 : 101.82.
Support. 1 : 101.58.
Support. 2 : 101.38.
Support. 3 : 101.18.
DESCRIPTION:
Please, pay attention to the levels of support 3 (101.18) and resistance 3 (102.22). 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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