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    Technical analysis of USD/JPY for March 12, 2015

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    In Asia, Japan is expected to release data on the consumer confidence, tertiary industry activity m/m, and the BSI manufacturing index. The US will publish economic data about results of a 30-year bond auction, natural gas storage, business inventories m/m, import prices m/m, unemployment claims, retail sales m/m, and core retail sales m/m. 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: 122.19.


    Resistance. 2: 121.96.


    Resistance. 1: 121.27.


    Support. 1: 121.42.


    Support. 2: 121.19.


    Support. 3: 120.95.




    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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