Technical analysis of USD/JPY for June 29, 2015 Market Analysis Review

In Asia, Japan will release Prelim Industrial Production m/m and Retail Sales y/y. The US will rpublish data on Pending Home Sales m/m. So, there is a strong probability that USD/JPY will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 123.41.

Resistance. 2: 123.17.

Resistance. 1: 122.93.

Support. 1: 122.64.

Support. 2: 122.40.

Support. 3: 122.16.

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.

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Technical analysis of EUR/USD for June 29, 2015 Market Analysis Review

When the European market opens, economic data on the Spanish Flash CPI y/y and German Prelim CPI m/m is due. The US will release economic data on the Pending Home Sales m/m. So amid the reports, EUR/USD will move low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Breakout BUY Level: 1.1028.

Strong Resistance:1.1022.

Original Resistance: 1.1011.

Inner Sell Area: 1.1000.

Target Inner Area: 1.0975.

Inner Buy Area: 1.0950.

Original Support: 1.0939.

Strong Support: 1.0928.

Breakout SELL Level: 1.0922.

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 EUR/USD for June 29, 2015 . Thanks for your support.