Tuesday 28 October 2014

Technical analysis of USD/JPY for October 28, 2014 Market Analysis Review

In Asia, Japan will release the Retail Sales y/y and the US will release some economic data such as Core Durable Goods Orders m/m, Durable Goods Orders m/m, S&P/CS Composite-20 HPI y/y, CB Consumer Confidence, Richmond Manufacturing Index. 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: 108.47.

Resistance. 2: 108.26.

Resistance. 1: 108.05.

Support. 1: 107.78.

Support. 2: 107.57.

Support. 3: 107.36.

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The material has been provided by InstaForex Company - www.instaforex.com



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