Wednesday 5 November 2014

Technical analysis of USD/JPY for November 06, 2014 Market Analysis Review

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In Asia, Japan will release the Monetary Policy Meeting Minutes, Leading Indicators and the US will release some economic data such as Challenger Job Cuts y/y, Unemployment Claims, Prelim Nonfarm Productivity q/q, Prelim Unit Labor Costs q/q, Natural Gas Storage. 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: 115.48.

Resistance. 2: 115.26.

Resistance. 1: 115.04.

Support. 1: 114.76.

Support. 2: 114.53.

Support. 3: 114.31.


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



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