In Asia, Japan will release data on all industries activity m/m while the US is expected to publish economic data about natural gas inventories, the CB Leading Index m/m, CB Leading Index y/y, current accounts, and unemployment claims. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during the day.
TODAY TECHNICAL LEVELS:
Resistance. 3: 120.53.
Resistance. 2: 120.30.
Resistance. 1: 120.06.
Support. 1: 119.77.
Support. 2: 119.54.
Support. 3: 119.30.
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 March 19, 2015 . Thanks for your support.
No comments:
Post a Comment