In Asia, Japan will release the Current Account, Bank Lending y/y, Monetary Policy Statement, Economy Watchers Sentiment, and the US will release some economic data such as Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Wholesale Inventories m/m. So there is a big probability the USD/JPY will move with low to medium volatility during the day. TODAY's TECHNICAL LEVELS:
Resistance. 3: 102.49.
Resistance. 2: 102.29.
Resistance. 1: 102.09.
Support. 1: 102.83.
Support. 2: 101.63.
Support. 3: 101.44. 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.
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For detail explanation and best discovery on market trends you may visit via Technical analysis of USD/JPY for August 08, 2014 . Thanks for your support on Technical analysis of USD/JPY for August 08, 2014
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