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    Technical analysis of USD/JPY for October 02, 2015

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    In Asia, Japan will release data on the Monetary Base y/y, Unemployment Rate, and Household Spending y/y. The US will unveil data about Factory Orders m/m, Unemployment Rate, Non-Farm Employment Change, and Average Hourly Earnings m/m. So, there is a strong probability that the USD/JPY pair will move with low volatility during the Asian session, but with medium to high volatility during the US session.

    TODAY TECHNICAL LEVELS:

    Resistance. 3: 120.55.

    Resistance. 2: 120.32.

    Resistance. 1: 120.08.

    Support. 1: 119.79.

    Support. 2: 119.55.

    Support. 3: 119.32.

    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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