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    Technical analysis of USD/JPY for February 09, 2016 2016-02-09

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    In Asia, Japan will release data on the Prelim Machine Tool Orders y/y, 30-y Bond Auction, and M2 Money Stock y/y. The US will release economic data on the Wholesale Inventories m/m, Mortgage Delinquencies, JOLTS Job Openings, and NFIB Small Business Index. So, there is a probability that the USD/JPY pair will move with low to medium volatility during this day.

    TODAY'S TECHNICAL LEVEL:

    Resistance. 3: 115.71.

    Resistance. 2: 115.49.

    Resistance. 1: 115.26.

    Support. 1: 114.98.

    Support. 2: 114.75.

    Support. 3: 114.52.

    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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