In Asia, Japan will release the Economy Watchers Sentiment, Bank Lending y/y, and Current Account. The US will release some economic data such as 10-y Bond Auction, Crude Oil Inventories, and Final Wholesale Inventories m/m. Moreover, presidential election outcome is due to be announced later today. So there is a probability the USD/JPY pair will be trading with medium to high volatility during this day.
TODAY'S TECHNICAL LEVELS:
Resistance 3: 104.25.
Resistance 2: 104.05.
Resistance 1: 103.85.
Support 1: 103.60.
Support 2: 103.40.
Support 3: 103.20.
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.
The material has been provided by InstaForex Company - www.instaforex.comFrom www.instaforex.com https://www.instaforex.com/forex_analysis/84001/
No comments:
Post a Comment