Tuesday 3 March 2015

Technical analysis of USD/JPY for March 04, 2015 Market Analysis Review

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In Asia, Japan is not expected to release any economic data, but the US will release data on the Beige Book, crude oil inventories, the ISM non-manufacturing PMI, the final services PMI, and the ADP non-farm employment change. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the North American session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 120.17.

Resistance. 2: 119.94.

Resistance. 1: 119.70.

Support. 1: 119.41.

Support. 2: 119.18.

Support. 3: 118.94.





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