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Technical analysis of USD/JPY for June 25, 2015

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In Asia, Japan is not expected to release economic data today. The US will publish reports on the Natural Gas Storage, Flash Services PMI, Personal Income m/m, Personal Spending m/m, Core PCE Price Index m/m, and Unemployment Claims. So, there is a strong probability that USD/JPY will move with low to medoium volatility during the day.

TODAY TECHNICAL LEVELS:

Resistance. 3: 124.55.

Resistance. 2: 124.30.

Resistance. 1: 124.06.

Support. 1: 123.77.

Support. 2: 123.52.

Support. 3: 123.28.

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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