InstaForex - Analytics

InstaForex

719.00 6.50/10
61% of positive reviews
Real

Technical analysis of USD/JPY for November 06, 2015

!_USDJPY.jpg

Show full picture

In Asia, Japan will release the leading Indicators. The US will also release some economic data such as Consumer Credit m/m, Unemployment Rate, Non-Farm Employment Change, and 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 to high volatility during the US session.

TODAY TECHNICAL LEVELS:

Resistance. 3: 122.33.

Resistance. 2: 122.09.

Resistance. 1: 121.85.

Support. 1: 121.56.

Support. 2: 121.33.

Support. 3: 121.09.

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.



To leave a comment you must be or register

By visiting our website and services, you agree to the conditions of use of cookies. Learn more I agree