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    Technical analysis of USD/JPY for May 06, 2015

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    In Asia, Japan will not release any economic data. However, the US will release some macroeconomic reports such as Crude Oil Inventories, Fed Chair Yellen Speech, Prelim Unit Labor Costs q/q, Prelim Nonfarm Productivity q/q, and ADP Non-Farm Employment Change. So there is a big probability the USD/JPY pair will move with low volatility during the Asian session, but with low to medium volatility during the US session.


    TODAY TECHNICAL LEVELS:


    Resistance. 3: 120.59.


    Resistance. 2: 120.36.


    Resistance. 1: 120.12.


    Support. 1: 119.84.


    Support. 2: 119.61.


    Support. 3: 119.36.


    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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