In Asia, Japan will not release any economic data, but the US will release some economic data such as Unemployment Claims, Industrial Production m/m, Capacity Utilization Rate, NAHB Housing Market Index, Natural Gas Storage, Crude Oil Inventories, TIC Long-Term Purchases. So there is a big probability the USD/JPY will move with low volatility during the Asian session, but with low to medium volatility during the US session.
TODAY TECHNICAL LEVELS:
Resistance. 3: 106.50.
Resistance. 2: 106.30.
Resistance. 1: 106.09.
Support. 1: 105.83.
Support. 2: 105.62.
Support. 3: 105.41.
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.
The material has been provided by InstaForex Company - www.instaforex.com
For detail explanation and best discovery on daily market trends and news you may visit via Technical analysis of USD/JPY for October 16, 2014 . Thanks for your support.
No comments:
Post a Comment