InstaForex - Analytics


    736.75 6.25/10
    62% of positive reviews

    Technical analysis of USD/JPY for November 16, 2015


    Show full picture

    In Asia, Japan will release the Prelim GDP Price Index y/y and Prelim GDP q/q. The US will publish economic data on the Empire State Manufacturing Index. So, there is a strong probability that the USD/JPY pair will move with low to medium volatility during this day.


    Resistance. 3: 123.13.

    Resistance. 2: 122.89.

    Resistance. 1: 122.65.

    Support. 1: 122.35.

    Support. 2: 121.11.

    Support. 3: 121.87.

    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.

    To leave a comment you must or Join us

    By visiting our website and services, you agree to the conditions of use of cookies. Learn more
    I agree