USD/JPY intraday technical levels for November 8, 2013
November 8, 2013 6:15 amVideo
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Today, after the US Market opens, the US-Non Farm Payrolls and Unemployment Rate will be released. It seems the price action for this currency pair will get a good volatility after both news released. Please keep in mind for the safety reason to clear all positions one hour before the news release, and you can open the position again at least one hour after the news, because usually the price is already stable and back to normal at this time.
TODAY’s TECHNICAL LEVELS:
Resistance. 3: 98.71.
Resistance. 2: 98.52.
Resistance. 1: 98.33.
Support. 1: 98.09.
Support. 2: 97.90.
Support. 3: 97.70.
DESCRIPTION:
Please, pay attention to the levels of support 3 (97.70) and resistance 3 (98.71). 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
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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