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Technical analysis of USD/JPY for March 11, 2015

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In Asia, Japan will release the PPI y/y and core machinery orders m/m. The US is expected to release some economic data about bank stress test results, the Federal budget balance, and results of 10-year bond auction. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.90.

Resistance. 2: 121.66.

Resistance. 1: 121.42.

Support. 1: 121.13.

Support. 2: 120.89.

Support. 3: 120.65.

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.

Arief Makmur neemt deel aan de "Analyst of the Year" onderscheiding georganiseerd door MT5.com portal. Als u zijn artikel goed vindt, stemt u dan op hem.

Uitgevoerd door, Analytische expert
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