InstaForex - Analytics


719.00 6.50/10
61% of positive reviews

Technical analysis of USD/JPY for March 04, 2016 2016-03-04


Show full picture

In Asia, Japan will release the Average Cash Earnings y/y. As for the US, economic reports will be also released such as Unemployment Rate, Trade Balance, Non-Farm Employment Change, and Average Hourly Earnings m/m. So there is a probability the USD/JPY pair will move with medium to high volatility during this day.


Resistance. 3: 114.07.

Resistance. 2: 113.85.

Resistance. 1: 113.63.

Support. 1: 113.35.

Support. 2: 113.13.

Support. 3: 112.91.

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