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Technical analysis of USD/JPY for November 12, 2015

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In Asia, Japan will release data on the 30-y Bond Auction, PPI y/y and Core Machinery Orders m/m. The US will publish economic news on the Federal Budget Balance, 30-y Bond Auction, Crude Oil Inventories, JOLTS Job Openings, and Unemployment Claims. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 123.46.

Resistance. 2: 123.22.

Resistance. 1: 122.98.

Support. 1: 122.69.

Support. 2: 122.45.

Support. 3: 122.21.

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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