In Asia, Japan will not release any economic data's but the US will release some economic data such as Non-Farm Employment Change, Unemployment Rate, Trade Balance, ISM Non-Manufacturing PMI, Final Services PMI, Average Hourly Earnings m/m. So there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with medium volatility during the US session.
TODAY TECHNICAL LEVELS:
Resistance. 3: 109.37.
Resistance. 2: 109.16.
Resistance. 1: 108.95.
Support. 1: 108.68.
Support. 2: 108.47.
Support. 3: 108.25.
Best regards,
Arief Makmur
Official Analyst of InstaForexGroup
InstaForex Group
http://instaforex.com
email: Arief.jakarta@indo.instaforex.com
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 03, 2014 . Thanks for your support.
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