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Technical analysis of USD/JPY for May 21, 2015

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In Asia, Japan will release the All Industries Activity m/m and Flash Manufacturing PMI. The US will release economic dataon the Natural Gas Storage, CB Leading Index m/m, Existing Home Sales, Philly Fed Manufacturing Index, Flash Manufacturing PMI, and Unemployment Claims. So, there is a strong probability that USD/JPY will move with low to medium volatility during this day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 121.75.

Resistance. 2: 121.51.

Resistance. 1: 121.27.

Support. 1: 120.99.

Support. 2: 120.75.

Support. 3: 120.51.

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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