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Technical analysis of USD/JPY for December 01, 2015

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In Asia, Japan will release data on the 10-y Bond Auction, Final Manufacturing PMI, and Capital Spending q/y. The US will publish economic data on the Total Vehicle Sales, ISM Manufacturing Prices, Construction Spending m/m, ISM Manufacturing PMI, and Final Manufacturing PMI. 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: 123.60.

Resistance. 2: 123.36.

Resistance. 1: 123.12.

Support. 1: 122.82.

Support. 2: 122.58.

Support. 3: 122.34.

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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